Home Business Significant Petrol Price Drop Anticipated Beginning on December 16.

Significant Petrol Price Drop Anticipated Beginning on December 16.

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Significant Petrol Price Drop Anticipated Beginning on December 16.

Based on available data, it appears that Pakistan may see a significant drop in the cost of gasoline and diesel. There could be a decrease of Rs 13 for gasoline and Rs 15 for diesel per liter, according to reports.

The predicted decrease is associated with a drop in the price of oil globally. In the global market, the price of a barrel of gasoline has declined by $5.49 to $94.95, while the price of a barrel of diesel has decreased by $5.13 to $100.05.

The current fuel rates in Pakistan are Rs 289.79 for diesel and Rs 281.34 for gasoline per liter. On December 15, the administration is anticipated to make a final decision regarding the revised fuel pricing. The revised rates will go into effect on December 16 if they are authorized.

The shifting dynamics of the world oil market are the cause of this possible decrease in fuel prices. In essence, Pakistani consumers may benefit from the decline in the price of gasoline and diesel as a result of the overall decline in global oil prices.

Depending on the state of the market, the government will make the primary decision.

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