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The interim government in Pakistan is planning to provide relief to the struggling public by lowering petroleum product prices for the latter half of October. Reports indicate that petrol prices may decrease by Rs38 per liter due to a recent drop in global oil prices, which have reached a six-month low.
This potential price reduction would mark the second decrease in recent weeks, thanks to the recovery of the local currency and declining petroleum product rates. On the global front, oil prices have fallen by $7 per barrel, while in the Gulf market, crude oil prices have dropped by $92 per barrel.
Read more : Pakistan Reduces The Petrol Prices By Rs8 Per Litre For October
If approved, the current petrol price could decrease to Rs285. The final decision on this matter will be announced on October 15.
Earlier this month, the government had already reduced petrol prices by Rs8, bringing it down from Rs331.38 per liter to Rs323.38.
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