As of December 16, 2023, Pakistani
citizens can anticipate a welcome relief in the prices of petrol and other
petroleum products for the upcoming fortnight. This adjustment is attributed to
the downward trend in international oil prices and the strengthening of the
Pakistani rupee against the USD during the same period, providing some respite
for those grappling with inflation concerns.
Insiders suggest a noteworthy reduction
in petrol prices by Rs10 per litre, while diesel is expected to witness a more
substantial decrease of Rs12 per litre. The ripple effect extends to other
petroleum products, contributing to an overall decline in prices during the
latter half of December 2023.
Read more: https://www.pknews360.com/
Expected petrol price in paksitan
As of now, petrol, which is currently
retailed at Rs281.34 per litre, is projected to see a decline to Rs268.24 per
litre. Diesel prices are expected to follow suit, potentially reaching Rs276.05
per litre. Additionally, the price of kerosene oil is slated to decrease to
Rs192.80 per litre, bringing some relief to consumers.
In this scenario, the cost of light diesel oil (LDO) is poised to experience a significant reduction of Rs10.23 per litre, dropping from Rs175.93 per litre to Rs165.70 per litre.
It is important to note that the Pakistani government currently imposes a petroleum levy of Rs60 per litre on petrol, and the Dealers' Margin rate stands at over Rs8.65 per litre
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