Islamabad, April 13, 2025: In a major relief for consumers, the federal government led by Prime Minister Shehbaz Sharif is expected to announce a substantial reduction in fuel prices, with petrol likely to drop by up to Rs12 per litre starting April 16.
Currently, petrol is priced at Rs254.63 per litre, while high-speed diesel (HSD) is being sold at Rs258.64 per litre. The anticipated cut would bring petrol down to around Rs242–243 per litre and diesel to approximately Rs248–250 per litre.
The proposed reduction comes in the wake of a steep decline in global crude oil prices. Brent crude has tumbled to $60.12 per barrel, falling from $74.95 earlier this month—a drop of more than $14 in just a few weeks. Analysts attribute the fall to weakening global demand, economic slowdowns in major markets, and an overall bearish trend in the commodities sector.
Government officials indicate that the new fuel prices, if approved, will come into effect at midnight on April 16, following final approval by the Ministry of Finance and the Prime Minister’s Office.
A senior official at the Oil and Gas Regulatory Authority (OGRA), speaking on condition of anonymity, confirmed that pricing recommendations are being finalized. “This is a positive development for the public. The dip in international oil prices has created room for a significant reduction, and we aim to pass on the benefit to consumers,” the official said.
Fuel prices in Pakistan are reviewed biweekly based on OGRA’s proposals, which factor in global oil market trends, exchange rate fluctuations, and import parity pricing. The final decision rests with the federal government, which may also consider fiscal targets and IMF commitments related to petroleum levies.
Over recent months, domestic fuel prices have remained high due to global market volatility and the depreciation of the Pakistani rupee. The expected price drop is likely to ease inflationary pressure and bring much-needed relief to households and the transport sector alike.
