Iran-Pakistan Pipeline and Oil Price Discussions
The Iran-Pakistan Pipeline is a subject of discussion, with updates on the Iran-Pak Pipeline and the potential revival of the Pakistan-Iran Gas Pipeline Deal. These projects are considered a massive economic opportunity ahead and encompass oil and trade initiatives, including a China $100B Trade Boost Plan that has sparked global attention. An Iran-US deal places Pak in the spotlight. Questions have been raised regarding a potential fall or drop in oil prices. Faisal Vawda has demanded resignation. GB Elections are also a topic of discussion, alongside the query of who made peace.
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Updated: 3:33 AM PKT — June 19, 2026
Following the US-Iran peace deal, a continued slide in global oil prices has fueled expectations of a significant reduction in petrol and diesel prices in Pakistan. With Brent crude trading at $77 a barrel, reports suggest potential relief of up to Rs 20 per litre for petrol and Rs 35 for diesel. The ex-refinery price of petrol has already dropped from around Rs 245 to Rs 225 per litre.
However, energy experts caution that the full benefit may not reach consumers immediately. Pakistan’s fuel costs are heavily influenced by import premiums, which had surged to nearly $35 per barrel during the recent conflict. While these are expected to fall, the government’s high revenue targets from the Petroleum Development Levy (PDL), currently at Rs 80 per litre, may lead authorities to absorb a portion of the price drop rather than passing the entire relief on to the public.
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