ISLAMABAD: There are indications that the prices of petrol and diesel in Pakistan may witness a significant decline. Reports suggest a potential decrease of Rs 13 per liter for petrol and Rs 15 per liter for diesel.
The expected decrease is ascribed to a downturn in worldwide oil prices. In the global market, the price of a barrel of gasoline has dropped by $5.49 to $94.95, but the price of diesel has dropped by $5.13 to $100.05.
The expected decrease is ascribed to a downturn in worldwide oil prices. In the global market, the price of a barrel of gasoline has dropped by $5.49 to $94.95, but the price of diesel has dropped by $5.13 to $100.05.
The potential decrease in fuel prices is a result of the shifting dynamics in the global oil market. Essentially, the overall decline in global oil prices could bring relief to consumers in Pakistan by lowering the costs of both petrol and diesel.
Considering the state of the market at the time, the government will be a key player in deciding whether to carry out the suggested price adjustments.
