Govt Likely to Cut Petrol Prices By up to Rs. 60/Litre

Petroleum prices are likely to drop by Rs. 30-60 per litre following today’s big drop in crude oil prices.

The decrease comes in the wake of the temporary ceasefire between Iran and the United States which was mediated by Pakistan.

Prime Minister Shehbaz Sharif has issued special instructions to concerned ministries to pass on the international oil price benefits directly to the public. The finance and petroleum ministries are reviewing fuel prices and will decide on the reductions after monitoring crude rates over the next two days.

Petroleum product prices have already fallen by 16 percent internationally since the ceasefire announcement. The federal cabinet has also discussed potential changes to domestic fuel prices and reviewed national petroleum stock levels.

Petrol prices in Pakistan had previously surged to a historic high of Rs. 458.41 per litre on April 3, 2026. In response, the government had partially reduced the petrol levy, bringing prices down to Rs. 378 per litre, and introduced targeted subsidies for motorcycles, goods transport, and passenger vehicles.

A further reduction could ease public pressure, reduce inflationary stress on food and transport, and stabilize the economy.