Petroleum prices likely to decrease in Pakistan following reduction in international market
ISLAMABAD – Another cut is expected in the prices of petroleum products for the second half of October in light of the appreciation of the Pakistani rupee.
Reports in local media said the prices of high-speed diesel (HSD), kerosene oil, and light diesel fuel are also likely to decrease.
Fuel prices are showing a declining trend in parts of the world and experts claim that country’s new finance chief Ishaq Dar will avoid burdening already distressed people despite pressure from the global lender.
Last month, the Sharif-led federal government slashed petroleum prices by up to Rs12.63 per litre after which the petrol price was being sold at Rs224.80 per litre