Petrol Price may drop to Rs287 Per Litre as another cut on table; Check Expected Rates

ISLAMABAD – Pakistanis are likely to get relief as the government is considering Rs10-12 per litre reduction in petrol prices for the upcoming fortnightly review today.

If approved, the new petrol price will fall to around Rs287-288 per litre, while high-speed diesel is expected to become Rs4-5 per litre more expensive. The proposed revision comes amid a sharp decline in international crude oil prices.

Expected Petrol Prices

Pakistani consumers could be in line for significant relief at the fuel pumps as a sharp drop in global crude oil prices has paved the way for a major reduction in petrol prices. According to informed sources, the government is expected to slash petrol prices by Rs12 per litre, with the revised rates likely to take effect from July 4, subject to official approval.

The federal government is expected to announce the final petroleum prices after reviewing recommendations from the relevant authorities.

Amid overall negative trajectory, global oil prices posted slight gains today, with benchmark crude contracts recovering slightly as investors weighed improving supply conditions against lingering geopolitical uncertainty in the Middle East.

Brent crude rose 0.42% to $72.10 per barrel, while U.S. West Texas Intermediate (WTI) gained 0.13% to $68.78 per barrel. Murban crude outperformed both benchmarks, climbing 1.47% to $66.18 per barrel, while natural gas prices increased 1.53% to $3.245.

The latest tweaks are largely driven by renewed optimism over diplomatic engagement between the United States and Iran. Investors welcomed positive signals after US President Donald Trump described recent negotiations held in Qatar as productive, easing fears that escalating tensions in the Middle East could disrupt oil exports and tighten global supplies.

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