ISLAMABAD – The federal government is expected to announce reduction in prices of all petroleum products.
As per unofficial reports, petrol price could witness drop of Rs4-5 per litre in the first half of May 2024. The government officials have not shared any update yet, and the final announcement will be made after today’s meeting.
Petrol Price in Pakistan May 2024
The brether for inflation-hit Pakistani comes as price of petrol may come down from Rs293 to Rs288 per litre. The price of high speed diesel might be changed, with new rate expected to be around 282.
The drop in local market is expected after drop in the price of Brent crude in the international market.
Earlier this month, petrol prices were increased by Rs4.53 per litre to Rs293.94 per litre, while high-speed diesel now costs Rs290.38 per litre, up by Rs8.14 per litre.
