Petrol price likely to be slashed by Rs2.49 per litre in upcoming review
Petrol's new price may settle at Rs254.64 per litre, down from current Rs257.13 per litre
February 15, 2025
ISLAMABAD: Petroleum product prices are likely to drop significantly for the next fortnight starting Sunday (February 16, 2025), as authorities have calculated a decrease ranging from Rs2.49 to Rs9.11 per litre, reported The News.
The price of petrol is likely to decrease by Rs2.49 per litre, while the price of high-speed diesel (HSD) may decrease by Rs9.11 per litre, according to official and industry sources.
“The fundamentals of the international oil market remain strong. Recent statements by US President Donald Trump about increasing hydrocarbon exploration and production in the USA, along with his telephonic conversation with Vladimir Putin regarding a peaceful resolution to the Russia-Ukraine war, have sent positive signals to the market, leading to a drop in oil prices,” the sources stated.
With the anticipated Rs2.49 per litre reduction, the new price of petrol may settle at Rs254.64 per litre, down from the current Rs257.13 per litre.
Similarly, the price of diesel is expected to decrease to Rs288.84 per litre from Rs297.95 per litre, reflecting a Rs9.11 per litre drop.
