New petrol price – The federal government is expected to lower oil prices in Pakistan for the third consecutive time during the month of June 2024.
Reports say that the price of petrol would drop by Rs 4 per liter as international prices have recorded a downward trend amid the Middle East crisis. Diesel prices are likely to drop by Rs 3.5 per liter.
The government will review oil prices on the night of May 31 and it will come into effect from 01 June 2024, during the first fortnight of the month.
The final decision on oil prices in Pakistan will be taken by Prime Minister Shehbaz Sharif after reviewing the proposals to be sent by the Oil and Gas Regulatory Authority.New petrol price
Latest Petrol Price in Pakistan
Gasoline and diesel prices were revised amid variations in international prices of petroleum products and slight variations in the exchange rate.
This is the first time in a month that the government is reducing oil prices after consecutive increases amid rising tariffs. In the last fortnight’s review, the PML-N government increased the price of petrol by Rs 8 per liter for the next fortnight.
Petrol Rs288.49
High-speed diesel Rs281.96
Expected New petrol price in Pak
Petrol Rs269.10
High-speed diesel 270.50