Petrol price likely to be slashed by Rs15 per litre

Due to a decline in oil prices in the international market, the prices of petroleum products are also likely to be slashed in Pakistan with the price of petrol expected to go down by Rs15 to Rs13 per litre.

According to sources, there is a strong possibility that the government will significantly reduce the prices of petroleum products locally for the next fifteen days. They said petrol prices may drop by between Rs13 and Rs15 per litre, while diesel prices could see a reduction of up to Rs11 per litre.

OGRA will prepare a summary regarding adjustments in petroleum product prices and send it to the prime minister. In case of an approval, the Ministry of Finance will issue a notification.