Pakistanis may see a slight relief in fuel costs as sources indicate a possible drop in petrol and high-speed diesel (HSD) prices by Rs. 5 to 6 per litre starting May 1, 2025. The Oil and Gas Regulatory Authority (OGRA) is reviewing prices for the next fortnight, with current rates at Rs. 255.63 per litre for petrol and Rs. 258.64 per litre for HSD. However, some industry estimates suggest minimal changes, with petrol potentially decreasing by just Re. 0.016 per litre and HSD increasing by Re. 0.01 per litre, which may not be passed on to consumers.
Current Fuel Prices
As of April 29, 2025, the latest fuel prices in Pakistan are:
| Fuel Type | Price per Litre (PKR) |
|---|---|
| Petrol (Super) | 255.63 |
| High-Speed Diesel (HSD) | 258.64 |
Why Prices Might Drop
Several factors are influencing the potential price reduction:
- Global Oil Trends: Crude oil prices in April 2025 have declined due to increased global supply and a weakened demand outlook, potentially allowing for lower local prices.
- Currency Stability: The Pakistani rupee’s value against the US dollar has remained relatively stable, reducing the impact of imported oil costs.
- Government Policy: The federal government, led by Prime Minister Shehbaz Sharif, has prioritized consumer relief, as seen in recent decisions to maintain or reduce fuel prices.
- OPEC Decisions: OPEC’s increased production has contributed to a global price drop, which may reflect in Pakistan’s fuel rates.
However, conflicting reports suggest that small fluctuations in global premiums or freight costs could keep prices nearly unchanged, as OGRA reviews rates every two weeks.
Historical Price Trends
Petrol prices in Pakistan have seen significant volatility:
- April 2025: Petrol at Rs. 254.63–255.63 per litre, HSD at Rs. 258.64 per litre.
- March 2025: Petrol decreased by Rs. 1 to Rs. 254.63 per litre.
- November 2024: Petrol at Rs. 248.38 per litre, HSD at Rs. 255.14 per litre.
- September 2023: Record high of Rs. 331.38 per litre due to rupee devaluation and global price spikes.
- 2020: Moderate drop of Rs. 5.82 per litre amid COVID-19 economic slowdown.
The highest recorded petrol price was Rs. 331.38 per litre on September 16, 2023, driven by a weak rupee and high global oil prices.