Petrol prices in Pakistan are expected to decrease by Rs 30 to 60 per litre following a fall in international oil rates, triggered by the ceasefire between Iran and the United States.
According to media reports, the Prime Minister of Pakistan, Mian Muhammad Shehbaz Sharif, has issued special instructions to ensure that the benefits of lower global oil prices reach the public.
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“The finance and petroleum ministries have started considering over reduction in fuel prices,” reports said.
Authorities are closely monitoring crude oil prices for the next two days before finalizing any changes, reports added.
The global petroleum market saw a 16 percent drop in prices after the ceasefire announcement.
The federal cabinet also discussed fuel price adjustments in light of Pakistan’s mediation efforts in the Middle East.
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During the meeting, officials reviewed the current petroleum stocks available in the country.
Petrol prices in Pakistan had reached a record high of Rs 458.41 per litre on April 3, 2026, which drew widespread criticism from citizens and rights groups.
Public frustration over the steep hike prompted the government to reduce the petrol levy, bringing prices down to Rs 378 per litre, and introduce subsidies for motorcycles, goods transport vehicles, and passenger vehicles.
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Traders have warned of potential protests if prices remain high, while experts note that the previous increase could affect food and construction costs across the country.
