ISLAMABAD: The federal government is expected to lower petroleum prices in its upcoming bi-weekly review for October 2025.
Petrol prices are anticipated to decrease by Rs6.10 per litre, while the high-speed diesel rate might see a minimal reduction of 97 paisa per litre. Additionally, kerosene oil and light diesel oil prices are likely to experience a cut of Rs2.75 and Rs1.64 per litre, respectively.
The Oil and Gas Regulatory Authority (OGRA) plans to submit a summary to the Petroleum Division later today. Following consultations with Prime Minister Shehbaz Sharif, the Ministry of Finance will make an official announcement regarding the new prices.
Meanwhile, oil prices in the international market dropped on Tuesday after initial gains, influenced by ongoing trade uncertainties between the U.S. and China the world’s two largest economies and weaker fundamentals highlighted by the International Energy Agency (IEA).
Brent crude futures declined by $1.01 (1.6%) to $62.31 per barrel as of 0817 GMT, while U.S. West Texas Intermediate crude saw a similar 1.6% drop, reducing by 95 cents to $58.54 per barrel, marking near five-month lows for both benchmarks.
