ISLAMABAD – Another cut is expected in the prices of petroleum products forthe second half of October in light of the appreciation of the Pakistanirupee.
Reports in local media said the prices of high-speed diesel (HSD), keroseneoil, and light diesel fuel are also likely to decrease.
Fuel prices are showing a declining trend in parts of the world and expertsclaim that country’s new finance chief Ishaq Dar will avoid burdeningalready distressed people despite pressure from the global lender.
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Last month, the Sharif-led federal government slashed petroleum prices byup to Rs12.63 per litre after which the petrol price was being sold atRs224.80 per litre
