US
Anticipated price reductions follow a drop in global crude rates
According to media reports, petrol prices might drop by up to Rs3 per litre
PPDA President Abdul Sami Khan warns the strike could last more than one day
Plan includes significant hikes in levies on petroleum, natural gas to stabilise economy, meet IMF requirements
Petrol price estimated to drop by Rs13.40/litre, HSD to come down by Rs8.19/litre
HSD tariffs also reduced by Rs8.42 per litre as per the recommendation by OGRA
Potential increase could exacerbate inflation concerns; tax hike also on horizon
There is also a proposal to gradually increase excise duty on luxury items produced in Pakistan
Estimates show mixed trend in movement of petroleum product prices
Anticipated investment of $1b will boost petrol, diesel output