Petrol, Diesel Prices in Pakistan Expected from June 1, 2024: Fuel Rates Update

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Expected Petrol Prices in Pakistan from April 1st, 2024

Petrol, Diesel Prices in Pakistan Expected from June 1, 2024. The Federal government is set to announce further relief in fuel prices, with petrol prices in Pakistan expected to decrease by an additional Rs4 per litre for the first half of June 2024.

According to a private media report, this reduction reflects a decline in international petroleum prices. This anticipated cut will mark the third consecutive reduction in fuel prices, bringing the total decrease to Rs24.85 per litre.

Additionally, the price of high-speed diesel (HSD) is expected to drop by approximately Rs3.5 per litre.

The new fuel prices will be announced at midnight on May 31, 2024, and will take effect for the first half of June, 2024.

This follows a reduction in domestic diesel prices by Rs7.88 per litre to Rs274.08 in the previous fortnight, marking the second consecutive decrease.

Current Petrol, Diesel Price in Pakistan Today May 2024:

Fuel Types	Price
Petrol	Rs273.10
High-Speed Diesel	Rs274.08

Expected Petrol, Diesel Price in Pakistan From June 1, 2024:

Fuel Types	Price
Petrol	Rs269.10
High-Speed Diesel	Rs270.58

As of May 23, 2024, international petroleum product prices have decreased by $1.68 compared to the previous fortnight, now standing at $96.19. Similarly, diesel prices in the global market have fallen by 83 cents to $98.40.

It should be noted that there are still six trading sessions remaining before the next pricing update. Therefore, the final prices will be subject to changes based on global market movements and exchange rate fluctuations.