In an anticipated move, the Pakistani government is set to announce a reduction in petrol prices today, marking the second time this month that such a cut has been implemented. This decision comes in response to a decline in the ex-depot price of gasoline, according to reliable industry sources.However, insiders with knowledge of the matter suggest that diesel prices are likely to experience a significant increase of Rs5 per litre during today’s fortnightly review. If approved, this adjustment in diesel prices would come into effect starting from June 16.The expected reduction in petrol prices aims to provide relief to consumers and mitigate the impact of recent changes in the ex-depot price of gasoline. On the other hand, the potential rise in diesel prices may pose challenges for sectors dependent on this fuel, such as transportation and logistics.The government’s decision regarding these price adjustments is based on a thorough assessment of market conditions and input from industry experts. It reflects the government’s ongoing efforts to balance the interests of consumers, while also considering the economic factors influencing the energy sector.Stakeholders and citizens alike will closely monitor the announcement today, as they evaluate the impact of these price changes on their daily lives and expenses.