For the third consecutive time, petrol prices in Pakistan are expected to decrease, bringing relief to consumers.
According to sources, the federal government is likely to reduce petrol prices by Rs4 per litre and diesel prices by Rs3.5 per litre from June 1.
This downward trend is attributed to the decline in international petrol prices due to the Middle East crisis. The government is expected to announce the revised tariff for petroleum products on May 31, which will be effective for the first two weeks of June.
Prime Minister Shehbaz Sharif will make the final decision on petroleum prices after considering the recommendations submitted by the Oil and Gas Regulatory Authority (Ogra).
This price drop will be a welcome relief for citizens, especially commuters and transporters, who have been bearing the brunt of high fuel prices.
The government’s decision to pass on the benefit of reduced international prices to consumers is a positive step towards providing economic relief to the masses.
With this expected price drop, Pakistanis can look forward to some respite from the high fuel costs, which have been a significant burden on household expenses. The government’s move is seen as a step in the right direction towards providing economic relief and stimulating economic growth.