The federal government on Tuesday announced the latest petrol prices in Pakistan, which will be effective from April 16 to April 30, 2025.
In an interested development, Prime Minister Shehbaz Sharif during a cabinet meeting on Tuesday evening stated, “The government decided not to pass on the benefit of lower fuel prices in the international market to people. Savings from petroleum prices will be used to heal the nation’s wounds.”
According to details, the funds would be used in Balochistan’s infrastructure including expansion of N-25 highway in Balochistan.
The prime minister stated that the government will make it into a dual carriageway but will be renovated as per motorway standards.
The PM also stated that the funds would be used to complete phase 2 of the Kachhi Canal project, which will irrigate hundreds of acres of land in Balochistan province.
Petrol Prices in Pakistan from April 16
The petrol prices in Pakistan today will remain at Rs254.63 per litre, while high-speed diesel will be priced at Rs258.64 per litre.
It merits a mention that the government revises the petrol prices in Pakistan fortnightly (after every two weeks).
The primary reason behind changing the petrol prices in Pakistan two times a month is because the global oil rates fluctuate.
Pakistan imports fuel to fulfil its hydrocarbon needs across the country, whether it is for industrial or domestic use.
Hence, the Oil & Gas Regulatory Authority (OGRA) publishes revised petrol prices in Pakistan which mirror the international crude oil rates.
Previous expected change in petrol prices in Pakistan
Analysts had already suggested that the government may further reduce the petrol prices in Pakistan today because the price of Brent crude oil had decreased by $14 per barrel on April 2.
Media reports suggested that the petrol prices in Pakistan would be reduced by Rs8.50 per litre. The price of high-speed diesel was expected to drop by Rs6.96 per litre.
Other petroleum products were also likely to be reduced, with light diesel expected to decrease by Rs7.21 per litre and kerosene oil reducing by Rs7.47 per litre.
OGRA’s final proposals will be sent to the federal government on Tuesday (today). Following the proposal by OGRA, the finance ministry will issue an official notification of updates petrol prices in Pakistan.
It should also be highlighted that Prime Minister Shehbaz Sharif decided to not decrease the petrol prices in Pakistan instead raised the levy on petrol in order to provide reduced electricity tariffs.
Read more: PSX boom shows investors confidence after PM’s electricity tariff cut
Pakistan Stock Exchange (PSX) soared to record 119,00 points on April 3 following the government’s announcement of a reduction in electricity charges across the country. The day started with some hiccups as analysts expected a slow day at KSE-100 due to US President Donald Trump’s sweeping tariffs on various countries, including Pakistan.
However, the investors confidence brushed these rumours off as the PSX staged a robust comeback, with KSE-100 closing at an all-time high of 118,938 on Thursday. The PSX experienced some fluctuations due to a long weekend that included Eid Holidays. Investors seemed to sell their stocks during the opening hours of the market as many expected the negative impact of Trump’s tariffs.
