Islamabad, May 29, 2024: The Ministry of Finance is expected to reduce diesel and petrol prices in its upcoming fortnightly review due to a decline in international oil prices.
Diesel prices are anticipated to drop for the third consecutive time by PKR 6.0 per liter, bringing the price down to PKR 268.08 per liter. Similarly, petrol prices are projected to decrease by PKR 6.9 per liter, returning to February 2024 levels. This marks the third consecutive decline for petrol as well.
These price adjustments are prompted by the expected decrease in international oil prices, as noted by FRIM Ventures in a recent social media post. The government will officially announce these changes on May 31, 2024, and they will take effect from June 01, 2024, through June 15, 2024.
