ISLAMABAD, Pakistan – Web Desk: Following a significant decline in global oil prices, Pakistan is expected to see a major reduction in domestic petroleum product rates. Sources from the petroleum industry indicate petrol could fall by up to PKR 55 per liter, while diesel prices may drop by PKR 95–100 per liter.
The final decision on price adjustments will be made by Prime Minister Shehbaz Sharif, who is expected to address the nation today to outline the government’s strategy regarding fuel pricing and consumption.
The market response follows U.S. President Donald Trump’s announcement of a two-week ceasefire with Iran, which triggered a strong positive reaction in international financial markets. Brent crude prices fell $17.31 per barrel to $94.69, down from $112, while U.S. crude WTI dropped $19.25 per barrel to $96.73, down from $115.
Analysts say the decrease in global crude oil prices will provide immediate relief for Pakistani consumers and may influence broader economic stability.
