[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]In Lahore, the anticipated revision in petrol and diesel prices aligns with global oil price changes and local currency fluctuations against the US dollar. Unconfirmed reports suggest a potential reduction in petrol and other petroleum products in Pakistan, offering relief to inflation-burdened citizens facing record high fuel prices. This expected decline is linked to a significant global drop in fuel prices.
The interim government, led by Kakar, is scheduled to review petrol prices for the second half of November on November 15, 2023, with a final decision to follow. Globally, petrol prices have decreased by around 3 percent, reaching the lowest point in the last three months due to low demand.
Read more : Petrol Prices In Pakistan To Rise From 1st November
Brent crude saw a $2.07 decline, settling at $79.54 per barrel, while US crude oil also experienced a drop, hovering at $75.33. Sluggish sales reflect diminished consumer demand and concerns about an impending recession in the coming months.
Contrary to earlier reports suggesting a decrease in fuel prices, the caretaker government declined to lower petrol prices two weeks ago.[/vc_column_text][/vc_column][/vc_row]
