Islamabad, August 27 2024: The Ministry of Finance is expected to reduce diesel and petrol prices in its upcoming fortnightly review, following a drop in international oil prices.
Petrol prices are likely to revert to their July 2023 levels, with a predicted reduction of PKR 3.0 per liter, bringing the cost to PKR 257.96 per liter.
Similarly, diesel prices are anticipated to decrease by PKR 3.5 per liter, lowering the price to PKR 262.57 per liter.
These changes are a response to the expected decline in global oil prices. The government is set to officially announce these adjustments on August 31, 2024, with the new rates taking effect from September 1, 2024, through September 15, 2024.
