KARACHI – Petrol and diesel prices in Pakistan are said to come down from May 16, 2025 Friday, despite upward trend in international oil markets, which have reached their highest levels in the past two weeks.
Sources familiar with development told Pakistan Observer that prices of petroleum products could go down by Rs3-3.5per liter in the upcoming pricing review for the second half of May. If approved by finance minister, the revised rate for petrol is expected to be around Rs249-250per liter, while high-speed diesel may be priced between Rs249-Rs250.
Expected Petrol Rates from May 16
| POLs | Current Price | Expected Price |
|---|---|---|
| Petrol | 252.63 | 249-250 |
| Diesel | 256.64 | 250± |
Global Oil Rates
The rise is attributed to continued gains in global crude markets, driven by growing optimism over an improvement in worldwide oil demand, especially with easing trade tensions between the United States and China.
Lately, US crude prices moved up by 1.2pc, reaching $62.62 per barrel, while Brent crude rose 1.1% to $64.86 per barrel. These gains followed a similar upward trend on Monday, when US crude hit a two-week high of $63.57 and Brent climbed to $66.34 — the highest since late April.
| Crude Type | Latest Price | Change |
| US Crude | $62.62 | +1.2% |
| Brent Crude | $64.86 | +1.1% |
This potential increase follows a recent cut in fuel prices during the last fortnightly review by the Pakistani government on April 30.
From May 1, Petrol and diesel prices were reduced by Rs2 per liter each, setting the rates at Rs252.63 for petrol and Rs256.64 for diesel.
