The prices of petrol and diesel can be decreased by Rs 10 per litre.
Lahore (Pakistan Point News – 22nd November, 2018) The prices of petroleum products are likely to be decreased in Pakistan from December 1.
The decision to decrease the petrol prices will be taken in view of the fall in international crude oil prices. The prices of petrol and diesel can be decreased by Rs 10 per litre.
In the international market, the price of crude oil has fallen from $86 to $62.53 per barrel. This is the lowest rate of crude oil in nine months.
The price of crude oil has been decreased by $24 per barrel since October 4. On October 4, the price of crude oil was $86 per barrel.
The government had on October 31 decided to partially pass on the burden and increased the price of petrol by Rs 5 per litre, while that of High Speed Diesel (HSD) by Rs 6.37 per litre for the month of November.
Based on the international prices, the OGRA had worked out an increase of Rs. 9.02 per litre in the price of petrol and an increase of Rs. 13.22 per litre for HSD.
The government had partially passed on the increase to the consumers to minimize the burden on public at large.
The new price of petrol was fixed at Rs 97.83.
