Expected Petrol Price in Pakistan from March 16, 2024, Check latest petrol and diesel rates here

ISLAMABAD –In response to the ongoing rapid decrease of International fuel prices, the government might provide a significant decrease in Petrol prices from March 16, 2024.

This final decision will have to be approved by the Finance Division, following the recommendation of the Oil and Gas Regulatory Authority (OGRA).

Expected petrol prices from March 16, 2024 might see a decline from the current prices as fuel prices are bound to fall by quite a margin.

Decrease in International Fuel Prices [March 2024]

On Monday, oil prices kept dropping, with Brent crude futures falling by 0.4% to $81.82 per barrel, while U.S. West Texas Intermediate crude futures (WTI) decreased by 0.54% to $74.02 per barrel.

This rapid drop in International fuel prices mainly linked with sustenance of US dollar due to Nvidia might cause a drop in the expected petrol price in Pakistan from March 16, 2024.

The decision to be taken on the night of March 15, 2024 for the upcoming second half of March 2024 will see a decrease of almost 5 Rs per litre in petrol prices.

Similarly, the cost of high-speed diesel will drop by Rs 4.81 per litre, reaching Rs 279.66.The price adjustments coincide with the latest developments in the International market.