Major reduction in petroleum product prices

Major reduction in petroleum product prices

Aug, Fri, 2025
Muhammad Qasim
News

After the decline in oil prices in the international market, the government is also likely to reduce it.

After the major reduction in oil prices in the international market, the federal government is likely to reduce the prices of petroleum products in the country from August 1, however, the final announcement will be made after the approval of the Prime Minister on July 31.

“Really Major reduction in petroleum product prices is likely!”

Petrol prices likely to drop further by Rs4 per litre

Sources told Express News that the prices of petroleum products are likely to decrease by up to Rs 9.7 as the ex-refinery price of petrol has decreased by Rs 9.7 and the ex-refinery price of diesel by Rs 3.73.

Main points:

After a sharp decline in global oil prices, the Pakistani government is likely to reduce local petroleum product prices from August 1.
Final approval for the price cut will be given by the Prime Minister on July 31.
A major reduction in petroleum product prices is expected, according to reliable sources.
Petrol prices may decrease by up to Rs 9.7 per liter.
Diesel prices may drop by Rs 3.73 per liter.
The ex-refinery price of petrol has declined from Rs 168.73 to Rs 159.66.
The ex-refinery price of diesel has also dropped.
The international price of petrol per barrel has fallen from $75.27 to $73.19.
The premium on petrol per barrel has reduced from $9.61 to $6.74.
Customs duty on petroleum has decreased from Rs 15.33 to Rs 14.29.
With exchange rate adjustments, petroleum prices may drop even further.

Similarly, the price of petrol per barrel has decreased from $75.27 to $73.19, the premium on petroleum per barrel has decreased from $9.61 to $6.74, customs duty has decreased from Rs15.33 to Rs14.29.

Sources said that the ex-refinery price of petrol has decreased from Rs168.73 to Rs159.66, adding exchange rate adjustment, petroleum prices may decrease further.