Major reduction in fuel prices expected

Major reduction of Rs 8 likely in petroleum prices for next fortnightly

Islamabad: A major reduction in petroleum prices is likely from next fortnightly May 16 owing to petroleum product prices decreased in the international market. It is likely that Rs 8 will be cut in the petroleum prices for next half moth of May. The final decision regarding the prices of the petroleum products will be taken tomorrow. The Oil and Gas Regulatory Authority (OGRA) will sent its summary to finance ministry tomorrow. The finannce min…

Petrol prices expected to drop by Rs3.5

May 14, 2025 (MLN): Petrol prices are expected to drop by approximately Rs3.5 per litre due to a decline in international rates, with revised prices likely to be effective from May 16 to 31, 2025. The federal government is expected to announce a moderate reduction in petroleum product prices on May 15, offering some relief to consumers as international oil prices ease. The anticipated reduction in petrol and high-speed diesel (HSD) prices is dri…

Major reduction in fuel prices expected

ISLAMABAD: Good news for consumers as fuel prices are expected to drop significantly for the next 15 days starting tomorrow. According to sources, a slight decline in global oil prices and import premiums could lead to a reduction of Rs 3.5 per litre in petrol and Rs 7 per litre in high-speed diesel. Pakistan receives second tranche from IMF: SBP confirms Based on current tax rates, the estimated ex-depot price of petrol may drop by around Rs 3.…