Due to global shortage of oil, the price of petrol in Pakistan is expected to decrease by 8 to 10 rupees per litre.
ISLAMABAD/LONDON – Petrol prices are expected to ease in Pakistan on Monday as crude prices fell 5% amid a stalemate in military tensions between the US and Iran.
According to sources, the price of petrol may drop by Rs 8-10 per liter from today after the price hiked by Rs 60 per liter last week amid uncertainty. The current price of petrol in Pakistan is Rs 335 per liter while diesel price is Rs 6 50 paise. 383 per litre
| POL | Current price |
| Petrol | 335 per liter |
| Diesel | 383 per liter |
While citizens expected a possible cut, neither OGRA officials nor anyone from the petroleum division shared any update regarding the fuel price revision.
Oil benchmarks such as Brent crude took a nosebleed to $92 a barrel on Monday morning after touching a terrifying peak of $100 last week. The catalyst? A sudden ceasefire between the US and Iran. Sources said President Donald Trump had suspended strikes on Tehran for a second night to give diplomacy a fighting chance, while Iran reportedly mirrored the stance.
Pakistan’s petroleum industry is in a state of danger as oil marketing companies (OMCs) are vocal against daily price revisions, warning that it will lead to a complete breakdown in supply chain management and stock stability. They are demanding an immediate seat at the table before the system descends into gridlock.
New taxes on petrol and diesel in Pakistan amid daily fuel price revision
The post Expected to reduce the price of petrol in Pakistan by 8 to 10 rupees per liter due to the shortage of oil at the global level appeared first on Daily Pakistan News
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