It is anticipated that the federal government will declare a decrease in the cost of all petroleum products.
Unofficial estimates state that in the first half of May 2024, the price of fuel might drop by Rs. 4–5% per litre. The final announcement will be made following today’s meeting, according to government officials who have not yet provided any updates.
Pakistani petrol prices as of May 2024
The good news for Pakistanis suffering from inflation is that petrol prices might drop from Rs 293 to Rs 288 per litre. High-speed diesel may have a new price; it is anticipated that it will be around $282.
The decline in the local market is anticipated after a decline in the price of Brent oil on the global market.
The price of petrol went up by Rs4.53 to Rs293.94 earlier this month, while the price of high-speed diesel went up by Rs8.14 to Rs290.38.
