Major Relief Ahead: Petrol and Diesel Prices Set to Drop by Up to Rs. 14 per Liter
Pakistan is likely to witness a significant reduction in the prices of petroleum products, including petrol and diesel, in the coming days. According to a report by a reputable national newspaper, the drop in global crude oil prices is expected to bring relief to consumers, with petrol prices potentially decreasing by up to Rs. 14 per liter.
The price of petrol is anticipated to drop by Rs. 14.16 per liter, bringing the new price to Rs. 241.47 per liter. Similarly, diesel prices are expected to decrease by Rs. 8.70 per liter, reducing the cost to Rs. 249.94 per liter. This reduction in diesel prices is particularly significant as it will positively impact the prices of essential commodities, providing further relief to the general public.
In addition to petrol and diesel, the price of kerosene oil is also expected to drop by Rs. 10.33 per liter, bringing its price down to Rs. 157.79 per liter. Light diesel oil (LDO), which is primarily used in industries, is also likely to see a reduction of Rs. 7.12 per liter, with its new price expected to be Rs. 146.22 per liter.
The final announcement regarding the revised prices of petroleum products will be made by the government. This anticipated price cut is a result of the declining trend in global oil markets, which has created an opportunity for Pakistan to pass on the benefits to its citizens.
The reduction in fuel prices is expected to have a ripple effect on the economy, easing the financial burden on households and businesses alike. With diesel prices directly influencing transportation and agricultural costs, the drop is likely to contribute to lower prices of goods and services, offering much-needed relief to the public.