Petrol prices likely to massive drop on May 1 – Check new rates

Web Desk

28 April, 2025 15:18

Petrol prices likely to massive drop on May 1 – Check new rates

Govt announces new prices of petrol and diesel - check new rates

ISLAMABAD: Global crude oil prices fell sharply last week. This has given hope to people in Pakistan that petrol prices may drop soon.

Brent crude oil is now priced at $66.60 p er ba rre l . U S W es t T e x a s I n t er m e d ia t e (W T I) cr u d e i s a t$ 62.85 per barrel. The drop in prices could mean more oil supply worldwide.

In Pakistan, lower global oil prices often lead to cheaper fuel. However, the government recently removed the cap on petroleum taxes. This means they can now adjust fuel prices freely.

Reports suggest petrol prices will stay the same for the first half of May. Officials say this decision aims to control spending and keep the local market stable.