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Good News for Public, Reduction in Petroleum Products

Good News for Public, Reduction in Petroleum Products
Written by Nadeem Muneer

Good News for Public, Reduction in Petroleum Products

Crude oil prices fell 23% in the global market. According to the details, the global market has seen a clear decline in the price of crude oil, the price of crude oil has decreased by 23% which will reduce the prices of petroleum products in Pakistan. Experts say that after the reduction of crude oil prices in the global market, the government should immediately reduce the prices of petroleum products in Pakistan so that the people get maximum relief.

If calculated in this way, gasoline in Pakistan can be cheaper by up to Rs. 27/- per liter. It should be noted that in the month of February, the government decided to keep prices of petroleum products, Ogra had suggested a hike in the price of diesel per liter and a slight reduction in the price of petrol, which was rejected.

The federal government decided to keep prices of all petroleum products at current levels in the month of February.

This month, the price of petrol will be maintained at Rs. 116.60/- per liter, high speed diesel Rs. 127.26/-per liter, light diesel Rs. 84.51/- per liter and kerosene at Rs. 99.45/-. Now, the price of crude oil in the global market has dropped by 23%. If this calculates the reduction in prices of petroleum products in Pakistan, then petrol in Pakistan can be cheaper by Rs 27/- per liter, followed by petrol. The price may be Rs. 90/- per liter, while the price of high-speed diesel is likely to drop to Rs. 29/- per liter, followed by the high-speed diesel at Rs. 98/- per liter.

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Nadeem Muneer

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