Petrol and Diesel Prices Set to Fall in Pakistan

An Anticipated Downturn in Petrol and Diesel Prices is on the Horizon for Pakistan. According to Sources this impending change is a Result of the Ongoing Decline in Global Oil Prices.

Petrol Prices have Witnessed a Notable Reduction dropping by $1.86 Per Barrel to $107.16. Similarly diesel Prices have also experienced a Decline Falling by $4.3 Per Barrel to $104.76 on the international Market.

In line with this Global Trend Domestic Petrol Prices are expected to Decrease by Rs 5 Per Litre with Diesel Prices Potentially falling by Rs 7.85 Per litre for Consumers in Pakistan . This Contrasts with the Previous Review during which the federal Government Raised Petrol Prices by Rs 4.53 Per litre and Diesel Prices by Rs8.14 Per litre.

Currently Petrol is being Retailed at Rs 293.94 Per litre while High Speed Diesel is Priced at Rs290.38 Per Litre.

The international Oil Market has Seen minimal Fluctuations with Concerns over Diminishing Fuel Demand in the United States the World’s largest Oil Consumer juxtaposed with Escalating tensions in the Pivotal Middle East Producing Region.

Brent Crude futures Experienced a Marginal increase reaching $88.11 Per Barrel following a 0.5% decline in the Preceding Session. Similarly, U.S. West Texas Intermediate Crude futures for June saw a Slight Rise to $82.88 Per Barrel after a 0.6% decrease on Wednesday.

Data from the U.S. Energy Information Administration (EIA) Revealed a 2.8% Decline in Gasoline Demand for the week Ending April 19 Compared to the Previous Week marking an 11% decrease from the Corresponding period last Year. Additionally, distillate fuel demand also saw a Decline from the Previous week down 4.7% from a year ago.


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The decline in Fuel demand Coincides with indications of a Cooling U.S. Business activity in April. Moreover, Stronger than anticipated inflation and Employment figures Suggest a Potential delay in expected interest rate cuts by the U.S. Federal Reserve, Dampening economic Sentiment.


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Wednesday’s EIA data further indicated an unexpected Decrease in U.S. oil inventories accompanied by a Surge in Exports and a less than forecast Reduction in Gasoline Stockpiles.