The information suggests that there might be a substantial decrease in the prices of petrol and diesel in Pakistan. Reports indicate a potential reduction of Rs 13 per liter for petrol and Rs 15 per liter for diesel.
This anticipated drop is linked to a decline in global oil prices. Specifically, the cost of one barrel of petrol has decreased by $5.49, reaching $94.95, and the price of diesel has dropped by $5.13 to $100.05 in the international market.
As of now, the current fuel prices in Pakistan are Rs 281.34 per liter for petrol and Rs 289.79 per liter for diesel. The government is expected to make a final decision regarding the revised fuel prices on December 15. If approved, the new prices will take effect from December 16.
The reason behind this potential reduction in fuel prices is the changing dynamics of the global oil market. Essentially, as the overall global oil prices have fallen, this could translate into relief for consumers in Pakistan by lowering the costs of petrol and diesel.
The government will play a pivotal role in deciding whether to implement these proposed price changes based on the current market conditions.
