In May 2024, prices of petrol, diesel, and other petroleum products are anticipated to decrease, bringing some relief to people affected by inflation. This could mark the first price reduction in recent months and is eagerly awaited by Pakistanis.

The expected drop in petrol prices is linked to global oil price changes, with international fuel rates decreasing by $4.3 and $1.86 per barrel. This decrease is expected to translate to a domestic price reduction of Rs7.85 and Rs3.75 for petrol and diesel, respectively.

Petrol Price in Pakistan

Expected Petrol Price in Pakistan

Petrol is anticipated to decrease by Rs7 per litre, and diesel prices are expected to drop by approximately Rs4 per litre.

Currently, petrol is priced at $107.16 per barrel internationally, while diesel stands at $104.76 per barrel. There are expectations of a continued decrease in petroleum product prices, potentially leading to adjustments in local prices. However, future trends could be influenced by global price fluctuations in the coming days.

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