Petrol and Diesel Prices Expected To Decrease In Pakistan From October 1, 2024, marking the fifth consecutive reduction. This anticipated relief comes as global oil prices continue to fall due to weaker demand. Consumers are likely to benefit from this downward trend, easing financial pressure.

Brent crude oil has dropped by 48 cents, bringing the price to $72.27 per barrel. US crude oil followed with a 37-cent decline. These reductions, coupled with improved domestic economic conditions, have paved the way for a further decrease in fuel prices.

In the last fortnightly review, the government slashed petrol prices by Rs10, bringing the price to Rs249.10 per liter. High-speed diesel (HSD) saw a bigger cut of Rs13.06, dropping to Rs249.69 per liter. Light diesel oil and kerosene oil prices were also reduced, making energy more affordable for consumers.

This upcoming cut will likely help reduce inflation, which has already dropped to single digits. It also promises relief to businesses and individuals, as fuel is a key driver of transportation and operational costs.

Current Fuel Prices

With these expected reductions, consumers can look forward to additional savings. The government’s adjustments will continue to reflect changes in the global oil market, ensuring that local prices remain aligned with international trends.

In conclusion, this trend of decreasing fuel prices is a welcome relief for Pakistan’s economy, offering financial ease to consumers and supporting a broader economic recovery. Stay tuned for more information.