Global oil prices recorded a decline on Thursday, bringing fresh attention to fuel prices and the possibility of further relief for consumers.

Brent crude oil fell to $91.25 per barrel in the international market, while US crude oil prices dropped to $85.25 per barrel.

Meanwhile, the United Arab Emirates' Murban crude oil was trading at $92 per barrel.

Pakistan announces another fuel price cut

The decline in global oil prices comes as the federal government has announced another reduction in petrol and diesel prices in Pakistan.

According to the latest notification issued by the Oil and Gas Regulatory Authority (OGRA), petrol prices have been reduced by Rs3 per litre.

High-speed diesel has become cheaper by Rs7 per litre.

Following the latest reduction, petrol will now cost Rs335 per litre, while the new price of high-speed diesel has been set at Rs364 per litre.

Will consumers get further relief?

The latest reduction offers some relief to motorists and businesses that depend on petroleum products.

However, international crude oil prices remain an important factor in determining future fuel costs.

Further changes in global oil prices, currency exchange rates and government taxes could influence upcoming petroleum price revisions in Pakistan.

The latest decline in international oil prices has raised hopes of additional relief, but any further reduction will depend on the government's next pricing decision.