Huge decrease in Petroleum prices in Pakistan on cards
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Due to a decrease in expectations of crude oil and petroleum reserves in the United States, along with concerns about supply, there has been a consistent decline in global crude oil prices over the past three days.
According to international media, today, in the global market, the price of Brent oil remained at $85.39 per barrel after a 43 cent decrease, while the price of American crude oil remained at $82.96 per barrel after a 53 cent decrease.
According to media reports, there is a significant improvement in the value of the Pakistani Rupee and a reduction in the prices of petroleum products in the global market.
There lies a potential decrease of 38 rupees per liter in petrol prices and 18 rupees per liter in diesel prices following a decrease in international market and increase in value of rupee.
