Petrol and Diesel Price in Pakistan From May 16 It is being said that the prices of petrol and diesel are going to be reduced in Pakistan from May 16.According to sources, the prices of petroleum products are being reduced by 03 rupees per liter and this price change will take place in May, that is, on May 16.A summary has been prepared regarding the fair prices. If this summary is approved by the federal minister, the prices of petrol and diesel will be as follows:This trend has been seen in the global market for the past two weeks, reaching its highest level.
Expected New Petroleum Product Price
From May 16, there is a possibility of a reduction in petroleum product prices, sources say. Petrol price may decrease by Rs. 3.50 per liter, while high-speed diesel price may drop by Rs. 7.00 per liter.
Expected Petrol price Down By
| Name of Product | Change in Price |
| Petrol | -3.50 |
| High-Speed Diesel | -7.00 |
The final decision regarding the prices of petrol and diesel in Pakistan will never be taken except after consultation with the Prime Minister, and if the new prices are implemented, it wil works from 16 May.
Conclusion
Petroleum product prices in Pakistan are expected to decrease from May 16, with petrol likely to drop by Rs. 3.50 per liter and high-speed diesel by Rs. 7.00 per liter. This reduction aligns with recent trends in the global market, and a final decision will be made following the federal minister’s approval of the proposed summary.