Significant Drop in Petroleum Prices Expected in Pakistan

Islamabad: A notable reduction in petroleum product prices is expected in Pakistan for the next 15 days, driven by a slight decline in international market rates and the import premium on petrol.
According to details, petrol and diesel prices may decrease by approximately Rs 3.5 and Rs 7 per litre, respectively. Sources indicate that based on current tax rates, the ex-depot price of petrol is estimated to drop by Rs 3.5 per litre, while high-speed diesel could see a reduction of Rs 7 per litre in the upcoming price revision on May 15.
The expected price cut is attributed to a decrease of about $1.5 per barrel in the international price of petrol and around $3 per barrel in diesel over the past two weeks.
Currently, the ex-depot price of petrol stands at Rs 252.63 per litre.