Aaj TV English News - Business & Economy https://english.aaj.tv/ Aaj TV English en-Us Copyright 2026 Tue, 07 Apr 2026 06:35:30 +0500 Tue, 07 Apr 2026 06:35:30 +0500 60 Petrol and diesel prices to see massive decrease from Aug 1: sources https://english.aaj.tv/news/330371821/petrol-and-diesel-prices-to-see-massive-decrease-from-aug-1-sources <p><strong>Pakistan is poised to experience a significant reduction in fuel prices, with a potential decrease of up to Rs11 per liter for petroleum products starting August 1, according to sources.</strong></p> <p>The anticipated price drop comes in response to a recent decline in global crude oil prices over the past 10 days.</p> <p>Sources indicate that the price of petrol could decrease by up to Rs5.50 per liter for the next 15 days, while diesel prices may see a reduction of up to Rs11 per liter.</p> <p>Kerosene is also expected to become cheaper, with a potential decrease of Rs5.84 per liter starting August 1. Light diesel prices are also expected to drop by up to Rs5 per liter.</p> <p><strong>Read more: <a href="https://english.aaj.tv/news/330371248/govt-to-relinquish-control-of-petrol-prices">Govt to relinquish control of petrol prices</a></strong></p> <p>Sources suggest that the new prices will be calculated based on the zero exchange rate for the next 15 days. However, the government may adjust or increase tax levels to maintain current prices.</p> <p> <figure class='media sm:w-1/3 w-full media--right media--embed media--uneven'> <div class='media__item media__item--newskitlink '> <iframe class="nk-iframe" width="100%" frameborder="0" scrolling="no" style="height:250px;position:relative" src="https://english.aaj.tv/news/card/330369966" sandbox="allow-same-origin allow-scripts allow-popups allow-modals allow-forms"></iframe></div> </figure></p> <p>The anticipated price reductions are expected to bring relief to consumers grappling with high fuel costs.</p> Pakistan is poised to experience a significant reduction in fuel prices, with a potential decrease of up to Rs11 per liter for petroleum products starting August 1, according to sources.

The anticipated price drop comes in response to a recent decline in global crude oil prices over the past 10 days.

Sources indicate that the price of petrol could decrease by up to Rs5.50 per liter for the next 15 days, while diesel prices may see a reduction of up to Rs11 per liter.

Kerosene is also expected to become cheaper, with a potential decrease of Rs5.84 per liter starting August 1. Light diesel prices are also expected to drop by up to Rs5 per liter.

Read more: Govt to relinquish control of petrol prices

Sources suggest that the new prices will be calculated based on the zero exchange rate for the next 15 days. However, the government may adjust or increase tax levels to maintain current prices.

The anticipated price reductions are expected to bring relief to consumers grappling with high fuel costs.

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