ISLAMABAD: Petrol prices in Pakistan are expected to decrease by Rs3.81 per litre for the next three days, while diesel prices are likely to remain unchanged, according to preliminary estimates.
The Oil and Gas Regulatory Authority (OGRA) is expected to determine the prices of petroleum products for the upcoming three-day period. The anticipated reduction in petrol prices comes amid a decline in international crude oil prices.
According to the estimates, petrol could become cheaper by Rs3.81 per litre, while the price of high-speed diesel is expected to remain unchanged during the same period. The final prices will depend on the official notification.
International Oil Prices Decline
International oil prices fell on the last trading day of the business week.
US West Texas Intermediate (WTI) crude futures dropped by $0.48 to $97.49 per barrel, while Brent crude futures declined by $0.49 to $105.43 per barrel.
The decline in global oil prices has raised expectations of a reduction in domestic petrol prices.
Latest Petrol and Diesel Prices
According to the figures provided in the report, the government previously reduced petrol prices by Rs3.63 per litre on October 16, setting the new rate at Rs390.23 per litre. Diesel prices, however, increased by Rs0.31 per litre to Rs396.96.
On October 15, petrol prices were increased by Rs1.20 per litre to Rs393.86, while diesel prices were reduced by Rs0.17 per litre to Rs396.65.
The latest expected adjustment could provide some relief to petrol consumers if the proposed reduction is approved.
Consumers are advised to wait for the official announcement from the relevant authorities before relying on the expected prices.
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