As January unfolds, Pakistanis may soon experience a slight respite on the economic front as petrol and diesel prices are expected to undergo a marginal reduction in the latter half of the month. Global crude price fluctuations are cited as the primary reason behind this potential relief, offering a temporary breather for consumers starting January 16.
After navigating through challenging economic times, Pakistan is beginning to witness tentative signs of economic activity picking up, accompanied by a reduction in external pressures. Correspondingly, petrol prices in the country are projected to see a modest decrease, estimated to be around Rs 5–6 per liter.
Recent fluctuations in global oil prices, with a notable plunge in the past week, could impact crude rates further. While the ongoing conflict in the Middle East remains a potential influencing factor, the anticipated reduction in petrol prices aims to address the economic concerns of the Pakistani populace.
Facing persistent inflationary challenges, the public eagerly awaits the government’s decision, hoping for a significant cut in fuel prices to alleviate economic woes. Notably, the federal government maintained petrol and diesel prices unchanged in December 2024.
The final decision on the matter is expected to be determined in a meeting led by interim Prime Minister Anwaar Kakar, leaving many hopeful for a positive outcome that could bring relief to the financial burdens faced by the people of Pakistan.
Petrol price in Pakistan Jan 2024
As of the first half of January 2024, the current prices of petrol and diesel in Pakistan are as follows:
Petrol: Rs267.34
Diesel: Rs276.21
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