Petrol Price in Pakistan – From December 1st, a significant reduction in the prices of petroleum products is expected in the country. A further decline in the global market prices of crude oil has been recorded.
The price per barrel of Russian oil has dropped below $60, and the European Union has set a limit of $60 per barrel for Russian oil. However, in the market, the price of Russian oil has fallen even below this set limit.
On the other hand, in the global market, British Brent crude oil deals at $80.58 per barrel with a one percent reduction, while American West Texas Intermediate trades at $75.54 per barrel with a two percent decrease.
Considering the decrease in the prices of crude oil in the global market, a significant reduction in the prices of petroleum products is anticipated in the country as well.
