Govt expected to hold oil prices

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ISLAMABAD:

The government is likely to keep domestic oil prices unchanged from May 1, 2025, amid minor fluctuations in international markets.

According to projections, Premium Motor Gasoline (PMG) may see a negligible drop of Rs0.16/litre — a 0.1% decrease — at both ex-refinery and ex-depot levels.

High-Speed Diesel (HSD), widely used in transport and agriculture, is expected to remain virtually unchanged with a Rs0.01/litre increase.

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As diesel impacts inflation, the stable pricing offers some relief.

However, Kerosene may increase by Rs1.30/litre (0.9%), and LDO by Rs1.35/litre (1.0%). Prices are calculated based on current taxes, the Inland Freight Equalisation Margin (IFEM), and zero US dollar exchange adjustment.

PMG's premium currently stands at $5.464 per barrel, with two days of Platts data yet to be factored in.