Petrol Prices to Drop by Rs14.16 per Litre from March 16
- Fahad Bin Khalid
- March 14, 2025
- 11:46 am
- 48
- Sports
Petrol Price Reduction in Pakistan from March 16
Petrol price reduction will bring relief to Pakistani consumers as fuel costs are set to decrease from March 16, 2025. The ex-depot petrol price will drop by Rs14.16 per litre, reducing it from Rs255.63 to Rs241.47. This change follows a decline in global oil prices, benefiting vehicle owners and businesses alike.
Diesel Prices Also Decreasing
Diesel prices will also decrease by Rs8.70 per litre, bringing the new price to Rs249.94 from the previous Rs258.64. Diesel is essential for transport and agriculture, especially with the crop harvesting season approaching. Lower fuel prices will ease financial pressure on farmers and transporters.
Other Fuel Price Reductions
The petrol price reduction will not be the only fuel relief. Prices of kerosene oil and light diesel oil will also drop.
- Kerosene oil price will decrease by Rs10.33 per litre, reducing the cost from Rs168.12 to Rs157.79. Many remote areas rely on kerosene for cooking. The Pakistan Army also uses it in northern regions.
- Light diesel oil, which is widely used in industries, will see a Rs7.12 per litre reduction, lowering the price from Rs153.34 to Rs146.22.
Factors Affecting Fuel Prices
Several factors influence the petrol price reduction in Pakistan. These include:
- Global oil price fluctuations
- Government taxes and duties
- Exchange rate variations
- Import premiums and inland freight costs
Currently, the import premium on petrol stands at $6.6 per barrel. The Pakistani rupee’s exchange rate also plays a major role in determining fuel prices.
LNG Prices See a Slight Increase
While petroleum prices are decreasing, LNG prices are rising due to higher import costs. The Oil and Gas Regulatory Authority (OGRA) announced a slight increase in LNG consumer prices from March 1, 2025.
- SNGPL consumers will now pay $12.94 per mmBtu, reflecting a 0.37% increase.
- SSGC consumers will face a 0.42% increase, raising the price to $12.74 per mmBtu.
Pakistan imports LNG from Qatar under a long-term contract, which impacts local prices.
Conclusion
The upcoming petrol price reduction will ease the financial burden on consumers, transporters, and farmers. Diesel, kerosene, and light diesel oil will also see price cuts, helping various sectors. However, LNG prices are slightly increasing, affecting gas consumers.
With fuel prices dropping, many hope for further economic relief in the coming months.
