The government is expected to announce a significant reduction in petroleum prices,
potentially lowering costs by up to Rs12 per litre starting June 16. This anticipated price cut is due to a $5.14 per barrel drop in global oil prices, likely translating into an Rs12 per litre decrease in petrol prices in Pakistan. Since April 16, petrol prices have already been reduced by Rs24 per litre, and diesel prices by Rs20 per litre.