Petrol and diesel prices in Pakistan are expected to see a major reduction of up to Rs80 per litre, following a decline in global oil prices after easing tensions between the United States and Iran, as reported by local media.
According to ARY News, the anticipated relief follows a reported ceasefire that contributed to stabilizing international oil markets, resulting in a significant decline in global petroleum prices.
Prime Minister Shehbaz Sharif has issued special instructions to ensure that the benefit of reduced global oil prices is passed on to the public. Officials said the government is working on an immediate price revision to provide relief to citizens.
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According to media reports, initial work on the new pricing structure has already been completed. The Oil and Gas Regulatory Authority (OGRA) is expected to forward its recommendations to the Petroleum Division for final approval.
However, the revised petrol and diesel prices will only be officially announced after approval from the prime minister. If approved, the new rates are likely to come into effect from April 11, 2026.
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Officials noted that the potential reduction comes after a period of record-high fuel prices, which had placed significant financial pressure on households and businesses across the country.
Earlier, both federal and provincial governments introduced relief measures targeting key sectors such as motorcyclists, rickshaw drivers, transporters, and farmers to offset rising fuel costs.
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Federal Minister Huzaifa Rehman stated that the government is actively working to ensure immediate relief in petroleum prices. He added that previous price hikes were made under difficult circumstances, keeping in view global market conditions.
The minister also said that additional steps are being planned to control inflation following the expected reduction in fuel prices. Authorities have warned that strict action will be taken against profiteers who fail to pass on the relief to consumers.
The development comes as Pakistan continues to face economic challenges, with inflation and energy costs remaining key concerns. A significant cut in fuel prices is expected to ease transportation costs and provide broader economic relief.
