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Petrol Price in Pakistan is Expected to be Reduced by Rs. 12.84 per litre

Good news for the public, further reduction in the prices of petroleum products is expected

The government is likely to reduce the prices of petroleum products for the second time in 15 days. According to sources, a reduction of Rs. 12.84 per liter is expected in the price of petrol. Petroleum Ministry sources said that the price of petrol has decreased by $7.26 per barrel in the international market, after which the price of petrol has reached $98.99 per barrel in the international market. Similarly, a decrease of Rs. 8.30 per liter is expected in the price of diesel, the price of diesel has decreased by $4.68 per barrel in the international market to $99.37 per barrel. The new prices of petroleum products will be implemented from May 16, 2024 after the approval of the Prime Minister. It may be recalled that currently petrol is being sold at Rs 288.49 per liter and diesel at Rs 281.96 per liter. It is pertinent to mention that the government is also charging Rs 60 per liter as petroleum levy on petrol and diesel, while dealers are getting a margin of Rs 8.64 per liter on both products.

Key Points:

  • The price of petrol is expected to decrease by Rs. 12.84 per liter.
  • The price of diesel is expected to decrease by Rs. 8.30 per liter.
  • The new prices will be implemented from May 16, 2024.
  • The government is charging Rs 60 per liter as petroleum levy on petrol and diesel.
  • Dealers are getting a margin of Rs 8.64 per liter on both products.

Additional Information:

  • The price of petrol and diesel in Pakistan is determined by the Oil and Gas Regulatory Authority (OGRA).
  • The prices are reviewed every 15 days.
  • The prices are based on the international market price of crude oil, as well as other factors such as transportation costs and taxes.
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