Petroleum prices in Pakistan are expected to decline in the upcoming pricing cycle, with petrol projected to decrease by around Rs3.5 per litre and high-speed diesel by about Rs7. This anticipated drop is attributed to softening global oil prices and reduced import premiums, offering potential relief to consumers amid ongoing economic pressures.
Alongside this, the Oil and Gas Regulatory Authority (OGRA) has announced a significant cut in Regasified Liquefied Natural Gas (RLNG) rates for May — Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) had a roughly 14% drop. This revision stems from lower LNG prices in international markets, easing the cost burden on gas distributors and, by extension, consumers.
Meanwhile, K-Electric (KE) customers in Karachi may benefit from a Rs5.02 per unit reduction in their electricity bills next month due to March’s fuel cost adjustment. However, KE has requested the National Electric Power Regulatory Authority (NEPRA) to use part of this fuel charge adjustment to offset Rs14.6 billion in pending dues. To review the request and decide how to handle the adjustment, NEPRA has set a hearing for May 22.
