ISLAMABAD: The federal government has decided to maintain current petroleum prices for the next fortnight, effective from April 16, 2025, according to a notification issued on Tuesday.
As per the announcement, petrol will continue to be sold at Rs254.63 per litre, while high-speed diesel (HSD) remains unchanged at Rs258.64 per litre.
PM Shehbaz: Savings to Fund Development Projects
Prime Minister Shehbaz Sharif earlier confirmed that the government would not reduce fuel prices for now. Instead, he stated that the financial gains from falling global oil prices will be redirected toward development and uplift initiatives.
“The benefit of declining international oil prices will be passed on to the people through infrastructure and welfare projects, particularly in Balochistan and along the N-25 highway,” the Prime Minister said.
Focus on N-25 and Balochistan Uplift
The N-25 highway, also known as the RCD Highway, connects Karachi to Quetta and is a vital trade and travel route. The government has allocated funds for its upgrade, aiming to improve road safety and regional connectivity.
Alongside, multiple uplift schemes in Balochistan are expected to receive a financial boost using the savings from oil imports.
Read: Pakistan Considers Tax Relief for Salaried Class, Seeks IMF Nod Before Final Move
No Relief Despite Global Oil Price Dip
While international crude oil prices have seen a slight decrease in recent weeks, the government chose not to pass the relief directly to consumers in the form of lower pump prices.
The Ministry of Finance, in consultation with the Oil and Gas Regulatory Authority (OGRA), endorsed the move to maintain current rates for better fiscal management and development spending.
Public Reactions and Expectations
Many consumers had hoped for a price cut in April, anticipating relief due to global market trends. However, government officials maintain that long-term national development will bring more sustainable benefits to the public.
Economic analysts believe this strategy could support critical infrastructure projects without compromising fiscal discipline during IMF-led reforms.
Next Review Due at End of April
The next review of fuel prices is expected by April 30, 2025, based on global oil price trends and domestic economic considerations.
Until then, the petroleum prices are as follows:
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Petrol: Rs254.63/litre
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High-Speed Diesel: Rs258.64/litre
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