Fuel Price Update: Petrol, Diesel May Drop Slightly This Jun

Jawad

30 May 2025

166

Fuel Price Update: Petrol, Diesel May Drop Slightly This Jun

As June approaches, many are eagerly watching the petrol price update to see what it will cost to fill up their tanks. While some slight changes are expected in the petrol price June adjustment, the bigger concern lies ahead, as government policies and global oil trends continue to shape local fuel costs.

Minor Reductions in Petrol and Diesel Rates

According to the latest petrol cost news, a slight decrease is anticipated in fuel rates for the next pricing cycle. Petrol may become cheaper by Rs. 0.60 per litre, bringing the expected petrol price today to Rs. 252.03. Similarly, high-speed diesel (HSD) could drop by Rs. 0.28 per litre, landing at Rs. 254.36. However, this fuel price update is not guaranteed and hinges on the final decision of the finance ministry.

On the other hand, not all fuel types will see relief. Kerosene oil may rise by Rs. 0.30 to reach Rs. 164.96 per litre, and light diesel oil (LDO) could go up by Rs. 1.30. These fluctuations show how unpredictable the fuel price change can be, especially when multiple factors are at play.

Oil Market Trends Impact Local Prices

International oil trends are also playing a role. Brent crude is trading between $64.02 and $64.60 per barrel, while West Texas Intermediate (WTI) has dipped below $61, falling by over 1.5%. This global dip follows speculation that OPEC+ may soon increase oil production, although the size and timing of the hike remain unclear. These factors directly influence the oil price prediction and, in turn, the petrol rate June 1 in Pakistan.

Government Plans a Major Tax Hike

Beyond the small upcoming changes, the government’s bigger move could reshape the fuel landscape. A significant increase in the Petroleum Development Levy (PDL) is expected in July 2025, potentially pushing fuel costs over Rs. 300 per litre. Currently, the levy on petrol stands at Rs. 78.2 per litre, and Rs. 77.1 per litre on diesel.

This hike, part of the IMF agreement under the Extended Fund Facility, will include a new Rs. 5 per litre carbon levy on both petrol and diesel — a policy meant to tackle environmental challenges but likely to hit consumers hard.

What This Means for Consumers

If implemented, these changes could drastically affect low- and middle-income households. Higher fuel prices may lead to increased transportation and food costs, driving inflation and making daily life more expensive for many families.

While the petrol price June adjustment may seem minor, it's part of a larger picture involving global oil trends and domestic tax policy. Keeping track of every petrol price update, fuel price forecast, and oil rate June change is essential for staying ahead of rising costs and understanding broader economic shifts.

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