Islamabad, March 12, 2025Petrol prices in Pakistan are expected to see a significant reduction from March 16, as the second fortnightly review of fuel prices is set to take place later this week. The Oil and Gas Regulatory Authority (OGRA) has yet to send its official recommendations to the government, but reports suggest that petrol prices may be slashed by Rs13 to Rs15 per litre, while high-speed diesel (HSD) could see a reduction of Rs11 per litre.
If approved, this price cut would bring much-needed relief to consumers, who are already benefiting from declining inflation in the country.
The expected drop comes in the wake of falling international oil prices, largely driven by an ongoing trade war between major global economies. As of March 11, Brent crude futures fell by 6 cents to $69.22 per barrel, continuing a two-day downward trend.
Currently, petrol is priced at Rs255.63 per litre, while high-speed diesel costs Rs258.64 per litre in Pakistan. If the anticipated reduction is approved petrol could drop to Rs242.63 per litre with a Rs13 cut or Rs240.63 per litre with a Rs15 cut while high-speed diesel could fall to Rs247.64 per litre with a Rs11 reduction.
The final decision on new fuel prices will be announced on March 15, with changes set to take effect from March 16.
