In a promising turn of events for Pakistan’s economy, there are expectations of a slight dip in petrol and diesel prices during the latter half of January 2024. This anticipated relief stems from the recent fluctuations in global crude prices.
Commencing January 16, Pakistani citizens are eagerly anticipating a respite from escalating fuel costs. The nation, amidst economic challenges, has started witnessing tentative signs of recovery. Mirroring this positive trend, reports indicate that petrol prices may witness a reduction of approximately Rs 5-6 per litre.
Recent drops in global oil prices, coupled with potential impacts from the ongoing Middle East conflict, contribute to the anticipated adjustment in petrol rates.
The people of Pakistan, burdened by inflation, are anxiously awaiting the government’s decision. They hope for a substantial cut in fuel prices to alleviate economic hardships. Notably, in December 2024, the federal government maintained the status quo on petrol and diesel prices.
As consumers grapple with persistently high fuel costs, their anticipation grows for a decisive government intervention. The fate of petrol and diesel prices will determined in a meeting led by interim Prime Minister Anwaar Kakar.
As of the first half of January 2024, the current price of petrol stands at Rs 267.34, while diesel priced at Rs 276.21. The upcoming decision holds the potential to bring relief to the public, offering a much-needed reprieve from the economic challenges they face.
