Good news for Pakistan! From October 1, petrol and diesel prices are expected to go down, bringing some relief as global oil prices have dropped. While the government hasn’t yet confirmed the exact decrease, sources suggest there’s a good chance of a price cut in the first half of October 2024.
This potential reduction could help control inflation, which has already come down to single digits. Currently, petrol is priced at Rs249.10 per litre and diesel at Rs249.69. With global oil prices taking a dip—Brent crude down by $0.50 to $72.27 and US crude dropping by 37 cents—Pakistan may soon see lower fuel prices.
For now, everyone is waiting for official word on the reduction. Remember, in Pakistan, the government reviews petrol prices every two weeks, adjusting rates based on international oil prices, exchange rates, and local demand.
