Petroleum prices in Pakistan are expected to ease in the upcoming pricing review following a decline in international oil market rates, raising hopes of relief for consumers.
According to market sources, ex-refinery rates have fallen significantly, with diesel seeing a reduction of Rs31 per litre, while petrol has declined by Rs8.54 per litre.
Sources further said that customs duty on petrol has increased by Rs2.86 per litre, raising it from Rs22.75 to Rs25.61 per litre. Despite this, the ex-refinery price of petrol has dropped from Rs277.06 to Rs268.52 per litre.
For diesel, the ex-refinery price dropped from Rs322.28 to Rs291.37 per litre, while the per-barrel international rate declined by $17.61, bringing it down from $169.10 to $151.40.
The final decision on fuel prices will be taken by the prime minister in consultation with the economic team, taking into account revenue requirements and fiscal targets.
Market observers suggest that if the government maintains the existing levy structure, consumers could see meaningful relief in the next price adjustment.
