- Petrol price in Pakistan expected to decrease by Rs 5 per liter from May 1st
- Current price of petrol is Rs 293.94 per liter
- New price is expected to be Rs 288 per liter
- Reduction in price attributed to drop in Brent crude oil prices
- OGRA to submit recommendations to Finance Division today
In a welcome news for commuters and motorists, the petrol price in Pakistan expected to decrease by Rs 5 per liter from May 1st, 2024. This reduction in price attributed to the recent drop in Brent crude oil prices globally.
According to sources, the government is considering a price cut of up to Rs 5 per liter, which would bring the price of petrol down to Rs 288 per liter from the current rate of Rs 293.94 per liter.
This news comes as a relief to the general public, who have been facing high fuel prices for an extended period. The reduction in petrol price also expected to have a positive impact on the overall economy, as it will help reduce the cost of transportation and goods.
The Oil and Gas Regulatory Authority (OGRA) expected to submit its recommendations to the Finance Division today, which will pave the way for the government to announce the price cut.
