ISLAMABAD: The government is set to lower fuel prices once again, with petrol prices expected to decrease by another Rs4 per liter for the first half of June 2024, following a decline in international prices.
Read more: Petrol, Diesel prices drop massively in Pakistan from June 1; Check latest rates here
International petroleum product prices decreased by $1.68 by May 23, 2024, to reach $96.19.
If verified, this would represent the third straight month that fuel prices have dropped, for a total drop of Rs24.85 per liter.
Read More: Expected petrol prices in Pakistan from June 2024; Petrol Price likely to decrease
In addition, the price of diesel has decreased by 83 cents to $98.40 on the global market.
Additionally, the government is probably going to lower the cost of high-speed diesel (HSD) by roughly Rs3.5 per liter. The price of domestic diesel was recently lowered for the second time in a row by Rs7.88, to Rs274.08 a liter.
With six sessions left before the next pricing update, the final prices will depend on global market trends and the exchange rate.
The new fuel prices will be announced at midnight on May 31, 2024, and will be effective for the first half of June.
