Petrol prices in Pakistan are set for another drop starting August 16, following a decline in global crude oil prices over the past 11 days.
According to Geo News quoting market data, US crude oil prices have fallen by $5.71 per barrel, from $69.26 to $63.48, while Brent crude has decreased by $5.72 per barrel, from $71.70 to $65.98.
It is worth mentioning here that petrol price cut took effect after the Finance Ministry issued a late night notification announcing new fuel rates on 1st August 2025.
Petrol cost Rs264.61 per litre, down Rs7.54, while high speed diesel went up Rs1.48 to Rs285.83 per litre.
The adjustment follows the fortnightly review of international oil prices and domestic tax targets.
Officials said the revision balances relief at the pump with revenue needs amid a volatile crude market.
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The drop in petrol ended a streak of steady or rising prices over recent cycles, offering car and motorcycle owners immediate savings.
Transporters who rely on diesel will feel a smaller hit from the Rs1.48 hike, but the change still affects freight costs and intercity fares.
Petrol stations switched to the new rates, and the Oil and Gas Regulatory Authority will monitor compliance.
Analysts attribute the petrol cut to lower global quotes over two weeks and a stable rupee, which reduced the landed cost of motor spirit.
Diesel, however, tracked a different product benchmark and faced tighter regional supply, explaining the uptick despite the softer crude environment.
With monsoon season under way, the government said it will watch global trends closely before the next review.
Continued declines in international prices and a steady exchange rate could translate into further relief, but any rebound in crude or currency slippage may reverse the trend.
