Petrol Price May Decrease from 1 May in Pakistan – Big Relief Expected
Petrol prices in Pakistan are likely to see a significant reduction of Rs. 5–8 per litre starting May 1, 2025, offering much-needed relief to consumers grappling with high inflation and fuel costs. The current price of Super Petrol stands at Rs. 254.63 per litre, but a proposed cut could bring it down to as low as Rs. 246.63–249.63 per litre, pending approval from Prime Minister Shehbaz Sharif.
Why Are Prices Dropping?
The anticipated price slash is driven by:
- Global Oil Price Decline: Falling international crude oil prices, with petrol’s ex-refinery price expected to drop from Rs. 148.51 to around Rs. 140–143 per litre.
- Exchange Rate Stability: A relatively stable Pakistani Rupee against the US dollar is reducing import costs.
- Government Strategy: The Oil and Gas Regulatory Authority (OGRA) is reviewing fortnightly prices, aiming to pass on global savings to consumers.
Current and Projected Fuel Prices
| Product | Current Price (Rs./Litre) | Projected Price (Rs./Litre, May 1) |
|---|---|---|
| Super Petrol | 254.63 | 246.63–249.63 |
| High-Speed Diesel | 258.64 | 251.68–253.68 (est.) |
| Light Diesel | 155.81 | 148.60–150.60 (est.) |
| Kerosene Oil | 171.65 | 164.44–166.44 (est.) |
Note: Diesel, light diesel, and kerosene projections are based on similar trends. Final prices await government confirmation.
Impact on Consumers
A Rs. 5–8 per litre drop in Super Petrol could lower commuting costs for millions, easing the burden on households and small businesses. For context, filling a 50-litre tank at current prices costs Rs. 12,731.50, but post-reduction, it could drop to Rs. 12,331.50–12,481.50, saving Rs. 250–400 per fill-up. Reduced diesel prices may also stabilize transport and goods prices, curbing inflation.
