Global petrol and diesel prices have recorded a significant decline, offering relief to energy markets worldwide. The downward trend reflects easing pressures in international fuel pricing.
International petrol prices dropped by $2.74 per barrel during the latest assessment period. Prices fell from $69.27 to $66.54 per barrel. As a result, fuel cost indicators showed a noticeable softening.
At the same time, the petrol premium also declined. It dropped by 13 cents per barrel, falling from $5.14 to $5.01. This reduction further supported lower overall pricing.
In addition, customs duty on petrol decreased by PKR 0.72 per litre. The adjustment contributed to a reduction in the ex-refinery petrol price. Consequently, petrol became comparatively cheaper at the refinery level.
The exchange adjustment on petrol also moved downward. It declined by PKR 0.68 per litre during the review. Therefore, the ex-refinery petrol price dropped from PKR 145.57 to PKR 139.06 per litre.
Diesel prices followed a similar downward trajectory. International diesel rates declined by $2.33 per barrel. Prices moved from $76.32 to $73.99 per barrel.
Moreover, diesel customs duty fell by PKR 0.80 per litre. The exchange adjustment on diesel also declined by PKR 0.35 per litre. Together, these changes reduced overall diesel costs.
As a result, the ex-refinery price of diesel dropped by PKR 5.33 per litre. The price decreased from PKR 155.33 to PKR 149.99 per litre. This marked a notable shift in diesel pricing dynamics.
These reductions indicate easing conditions in the global fuel market. Lower premiums and exchange adjustments played a critical role in the overall decline. Consequently, refined fuel prices experienced synchronized downward movement.
Market observers often monitor ex-refinery prices closely. These figures influence broader fuel pricing decisions. Therefore, such declines usually attract attention from policymakers and consumers alike.
The recent trend reflects cooling pressure in international energy costs. While price movements remain fluid, the current decline signals short-term relief. However, future adjustments will depend on global market conditions.
Overall, the drop in petrol and diesel prices highlights a favorable shift in fuel pricing. The combined impact of lower international rates and reduced duties shaped this outcome.
