Islamabad–Pakistanis are bracing for a significant drop in petroleum product prices, with a potential decrease of up to Rs11 per liter, following a consistent decline in global crude oil prices. The expected price cuts include:
– Petrol: up to Rs11 per liter reduction
– Diesel: over Rs10 per liter decrease
– Kerosene: up to Rs8 per liter decrease
An official announcement is expected on September 15, pending approval from Prime Minister Shehbaz Sharif. Finance Minister Muhammad Aurangzeb will make the final declaration, revealing the extent of the price cuts.
The global decline in crude oil prices has triggered a chain reaction, leading to reduced prices of petroleum products, adjusted PSO rates, and customs duties, ultimately benefiting the public.
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