Due to a decrease in expectations of crude oil and petroleum reserves inthe United States, along with concerns about supply, there has been aconsistent decline in global crude oil prices over the past three days.
According to international media, today, in the global market, the price ofBrent oil remained at $85.39 per barrel after a 43 cent decrease, while theprice of American crude oil remained at $82.96 per barrel after a 53 centdecrease.
According to media reports, there is a significant improvement in the valueof the Pakistani Rupee and a reduction in the prices of petroleum productsin the global market.
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There lies a potential decrease of 38 rupees per liter in petrol prices and18 rupees per liter in diesel prices following a decrease in internationalmarket and increase in value of rupee.