Pakistani government has reduced the price of petrol for May 2024 by Rs15.39, bringing the new rate to Rs273.10 per liter. This adjustment, along with a decrease in diesel prices by Rs7.88 to Rs274.08 per liter, was recommended by the Oil and Gas Regulatory Authority (OGRA).

The decision was made in response to changes in international market rates. The Pakistani government regularly adjusts petroleum prices every two weeks based on a formula that considers international oil prices, exchange rates, and other relevant factors.