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Business Pakistan Trending Now

Petrol Prices Likely to Drop Further as Global Market Slides

Islamabad: There is a possibility of a further Rs. 12 reduction in the price of petrol by the government.

According to sources, a decrease in petroleum prices is expected from June 15. It is reported that after a decrease of $5.14 in oil prices in the international market, the price has stabilized at $89 per barrel.

According to sources, diesel is trading at $93.88 per barrel in the global market after a decrease of $4, and accordingly, a reduction of Rs. 8.45 is expected in diesel prices in Pakistan.

This latest change continues a pattern of declining prices starting from April 16. Petrol has seen a decrease of 24 rupees per liter, while diesel has dropped by 20 rupees per liter over this timeframe.

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