ISLAMABAD – Pakistanis expected cut in prices of Petrol and Diesel prices, but the government decided to keep prices same for the next fortnight.
Ahead of the fortnightly review, sources familiar with the development revealed that Petrol Price in Pakistan will witness a significant cut, providing much-needed relief to inflation-hit masses, but the prices remained same.
Petrol Prices in Pakistan
Current Petrol Prices
| POLs | Current Price |
| Petrol | Rs255.63 |
| High-Speed Diesel | Rs258.64 |
The new rates will provide much-needed relief to the masses, especially in face of rising inflation. If approved, the price of petrol will drop to Rs241 per litre from Rs255.63, while the new price for high-speed diesel will be reduced to Rs249.94 per litre from Rs258.64.
Global Rates Cut
Oil prices stable after recent plunge due to hopes of Ukraine ceasefire, which could restore Russian energy supplies to Western markets.
As of March 15, Brent crude settled at $70.58 per barrel, while WTI closed at $67.18 per barrel.
