Consumers in Pakistan can expect a major relief as the government is set to reduce petroleum product prices starting February 16, 2025. The price cuts, which will be effective for the next 15 days, are aimed at easing inflationary pressures and supporting economic growth.

Expected Price Reductions

According to official and industry sources, the following changes are anticipated:

  • Petrol: Expected to decrease by Rs. 2.49 per liter
  • High-Speed Diesel (HSD): Expected to drop by Rs. 9.11 per liter

Key Reasons for the Price Reduction

The decline in fuel prices is attributed to:

  • Stable International Oil Market: The steady supply of crude oil has kept global prices in check.
  • Currency Exchange Gains: A relatively stable exchange rate has helped reduce import costs.
  • Government Policy Adjustments: Measures to control inflation and support economic growth have played a crucial role.

Impact on Consumers and Economy

Lower fuel prices are expected to:

  • Reduce transportation costs
  • Ease inflationary pressures
  • Support businesses by lowering operational expenses

Future Outlook

While the reduction in fuel prices brings immediate relief, experts advise consumers to remain cautious as global market fluctuations and government policies could influence future pricing.