Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar has said that petroleum product prices in Pakistan are expected to decrease by up to Rs59. He indicated that a working plan for a significant reduction in fuel rates is currently under consideration. The statement suggests potential relief for consumers amid ongoing economic pressures.
Speaking informally at Parliament House, Ishaq Dar said the expected reduction in fuel prices would be substantial. He noted that detailed work is underway to finalise the adjustment, which could bring noticeable relief across multiple petroleum categories. However, he did not announce an immediate final notification.
He also referred to ongoing US-Iran diplomatic developments, stating that negotiations had been delayed due to Muharram-related scheduling issues. Dar added that there were no fundamental obstacles in the talks and that both sides remain committed to the process. He said Pakistan had played a mediating role in earlier agreements between the parties.
According to Dar, a second phase of negotiations is expected to be completed within 60 days. He also mentioned that officials stationed in Switzerland have been recalled as the process moves forward. He reiterated that Pakistan remains engaged in supporting diplomatic efforts for regional stability.
The announcement of possible fuel price cuts comes as the government reviews global oil trends and domestic pricing mechanisms. Any final adjustment will depend on international market conditions and policy decisions in the coming days.