Reports Indicate Drop in Petrol and Gold Prices

Updated: 6:28 PM PKT — June 25, 2026

International oil prices continued to fall on Thursday, June 25, with both major benchmarks reaching their lowest levels since February 27. The decline comes amid improving supply prospects from the Middle East.

Brent crude futures for August delivery dropped by $1.22 to trade at $72.52 per barrel. US West Texas Intermediate (WTI) crude fell by $1.02 to $69.32 per barrel. The price drop follows the resumption of shipping through the Strait of Hormuz after a preliminary agreement was reached to de-escalate regional conflict.

Updated: 5:54 PM PKT — June 25, 2026

Advisor to the Prime Minister on Political Affairs, Rana Sanaullah, has stated that a team has been formed by the prime minister to review petroleum prices, with further reductions expected for consumers. He attributed previous price hikes to the Iran-Israel conflict, which necessitated purchasing oil at higher rates to maintain national stocks.

Mr. Sanaullah noted that with international oil prices now falling following a US-Iran agreement, the benefit should be passed on. He addressed the issue of oil marketing companies’ profits, suggesting that firms which profited from higher prices may now need to absorb some losses. He also warned that the government would deal strictly with any company found to be creating an artificial crisis over petroleum products.

Updated: 4:47 PM PKT — June 25, 2026

The drop in global oil prices has been attributed to an easing of market fears regarding supply from the Middle East, according to available information.

Updated: 4:13 PM PKT — June 25, 2026

Available reports suggest the price of petrol may be reduced to Rs. 238 per litre.

Updated: 3:33 PM PKT — June 25, 2026

Advisor to the Prime Minister on Political and Public Affairs, Rana Sanaullah, has announced a reduction in petrol prices, according to available reports.

Negotiations between Iran and the United States have reportedly entered a crucial phase, with technical teams expected to return to Switzerland on June 29 for the talks.

Amid the diplomatic developments, US Senator Marco Rubio stated that the United States stands with its Gulf allies. Reports also indicate the senator has issued a warning to Iran in the context of the negotiations.