Petrol price likely to drop in Pakistan by up to Rs9.7 per litre from August 1, as global oil prices ease, according to market sources.
The fall in international rates has pulled the ex‑refinery price of petrol down by Rs9.7 per litre and high‑speed diesel by Rs3.73 per litre.
Brent linked quotes and product premiums have softened. Petrol’s reference price per barrel is down from 75.27 dollars to 73.19 dollars, while the premium has slipped from 9.61 dollars to 6.74 dollars.
The ex‑refinery price of petrol has moved from Rs168.73 to Rs159.66 per litre. Customs duty has eased from Rs15.33 to Rs14.29 per litre.
Petrol price likely to drop: ex‑refinery cuts, PM approval, and levy risk
Officials will finalise the next fortnightly prices after accounting for exchange rate movements.
The working will go to the Ministry of Finance on July 31. After the prime minister’s approval, the ministry will issue the official notification for prices effective August 1.
Revenue targets will also be considered. If the petroleum levy is raised, the public relief could shrink even with lower ex‑refinery costs.
The expected cut follows a month of volatility. On July 16, the government raised fuel prices as global crude climbed.
Petrol went up by Rs5.36 per litre to Rs272.15, while diesel rose by Rs11.37 per litre to Rs284.35.
On July 1, prices were also increased for the first fortnight, with the government citing global market swings during the 12 day Iran–Israel conflict.
For consumers, the headline effect is clear.
A lower ex‑refinery price gives room for a cut at the pump, subject to the exchange rate, taxes, and the levy.
The key watch points are the rupee’s movement this week and any changes in the levy line in the final notification.
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