Islamabad: The eyes of the public worried about inflation are now focused on June 1, 2025, when the government will announce the new prices of petroleum products. The question has become common across the country: whether the public will get relief before the budget or whether another burden of inflation will be put on their shoulders.
According to sources, the Ministry of Energy and other relevant agencies are considering proposals for a slight reduction in the prices of petrol and diesel, keeping in mind the fluctuations in the global market and the country’s financial situation. According to reports, the price of petrol is likely to be reduced by 60 paise per liter and the price of high-speed diesel by 28 paise per liter.
On the other hand, the possibility of a slight increase in the prices of kerosene and light diesel oil is also being expressed; however, the final decision will be taken after consultation with the Ministry of Finance and the Prime Minister. It is also reported that the option of maintaining the prices at the current level is also being considered to avoid any major financial pressure.
OGRA reviews petroleum prices every fortnight, taking into account international market trends and local fiscal policies. Although the proposed reduction is modest, it could provide temporary relief to the public in the current era of high inflation.
The decision is expected on June 1, and this day has assumed importance in terms of public interest, as every Pakistani wants to see some reduction in daily expenses.
