In the coming days, petrol prices in Pakistan are projected to decrease by Rs. 13 to Rs. 15 per litre, following the ongoing downward trend in international oil prices.

The government is expected to announce substantial reductions in petroleum product prices for the next fortnight. Diesel prices may also see a reduction of up to Rs. 11 per litre.

The Oil and Gas Regulatory Authority (OGRA) will present a summary of the proposed price changes to the prime minister. Once approved, the Finance Ministry will issue an official notification to implement the new rates.

This anticipated price reduction aligns with broader global market movements, where oil prices have continued to decline for the second consecutive day on Tuesday. International traders are growing increasingly concerned about a potential US recession and the impact of tariffs on global economic growth. Additionally, OPRA+ members are preparing to increase supply.

By early Tuesday trading, Brent crude futures had decreased by 6 cents (0.1%) to $69.22 per barrel, while US West Texas Intermediate crude futures had fallen by 13 cents (0.2%) to $65.90 per barrel.