The government is set to announce further relief in fuel prices, with petrol prices expected to decrease by an additional Rs4 per liter for the first half of June 2024. This reduction mirrors a drop in international petroleum prices.
This anticipated cut will mark the third consecutive reduction in fuel prices, bringing the total decrease to Rs24.85 per liter. Additionally, the price of high-speed diesel (HSD) is expected to decrease by approximately Rs3.5 per liter.
Read More: Transporters decrease fares following petrol price drop
Current Petrol Price in Pakistan May 2024
| Fuel Types | Price |
|---|---|
| Petrol | Rs273.10 |
| High-Speed Diesel | Rs274.08 |
Expected Petrol Price in Pakistan June 2024
| Fuel Types | Price |
|---|---|
| Petrol | Rs269.10 |
| High-Speed Diesel | Rs270.58 |
Read More: Petrol, Diesel prices in Pakistan see ‘big drop’: Check latest rates from May 16
As of May 23, 2024, international petroleum product prices have dropped by $1.68 compared to the previous fortnight, now standing at $96.19. Similarly, diesel prices in the global market have fallen by 83 cents to $98.40.
