There is a possibility that petrol prices in Pakistan may drop by 12 rupees per liter due to the recent decline in global oil prices. This expected reduction in fuel prices is anticipated to provide some relief to the public amid rising inflation.
Petrol and Diesel Price Reduction Expected in Pakistan
According to industry sources, not only petrol but the price of diesel is also expected to decrease by 12 rupees per liter. Similarly, kerosene oil prices could drop by up to 8 rupees per liter. These adjustments in fuel prices will largely depend on the global market trends, especially from September 12 to 14, 2024.
Latest Petrol Price in Pakistan
The current petrol price in Pakistan was last adjusted on August 31, 2024, when the government, led by Prime Minister Shehbaz Sharif, reduced the prices of petroleum products. At that time:
- Petrol was reduced by 1.86 rupees per liter.
- High-speed diesel was lowered by 3.32 rupees per liter.
- Kerosene oil saw a reduction of 2.15 rupees per liter.
- The price of light diesel oil was decreased by 2.97 rupees per liter.
Potential Impact on Economy
The upcoming reduction in fuel prices is expected to have a positive impact on the economy. Lower petrol prices could reduce transportation costs, which may ease the burden on consumers by leading to lower prices for essential goods and services.
Global Oil Price Trends
The fluctuating global oil prices play a crucial role in determining the local prices of fuel in Pakistan. With the recent decline in international oil prices, Pakistanis are hopeful that this will translate into a significant reduction in fuel costs in the coming days.
Stay Updated on Petrol Prices
Keep an eye on the latest petrol price in Pakistan and any announcements regarding the possible reduction in fuel costs, as the final decision will be influenced by the global oil market trends between September 12 and 14.
This potential reduction comes as a relief to many, particularly after the government’s recent announcement, which slightly lowered petrol and diesel prices in August. Stay tuned for further updates on petrol price today and how it may affect fuel costs across the country.
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