Petrol likely to become cheaper in the country due to decline in global market

Following a significant 15% drop in global crude oil prices, Pakistan is anticipating a substantial reduction in domestic petrol and diesel prices. Industry sources indicate that petrol could become cheaper by up to 55 rupees per liter, while diesel prices might see a considerable decrease of 95 to 100 rupees. This potential price cut aims to pass on the benefits of the international market downturn to local consumers, easing the cost of fuel. The final decision regarding these petroleum product price adjustments is expected to be announced by the Prime Minister in the coming days.