Islamabad, April 10, 2025: Consumers in Pakistan could soon see a significant drop in fuel prices, with a potential reduction of up to Rs12 per litre in petrol and diesel, following a sharp decline in global crude oil prices, according to sources in the Petroleum Division.
Brent crude oil has experienced a steep fall over the past week, currently trading at $60.12 per barrel—down from $74.74 on March 31. Although prices briefly rose to $74.95 on April 1 and 2, they have since plummeted by more than $14 per barrel.
Despite the declining international trend, the government continues to maintain the maximum petroleum levy of Rs70 per litre on both petrol and diesel. However, officials suggest that the recent dip in crude prices provides fiscal room to offer consumer relief.
Sources indicate that the government is also weighing the option of reintroducing the General Sales Tax (GST) on petroleum products, which was previously withheld to avoid additional burden on consumers.
The final decision on pricing adjustments will depend on the government’s approach to balancing revenue targets with growing public demand for relief amid persistent inflation.
