Petrol, diesel prices likely to drop in Pakistan
28 October, 2024 11:44
Expected petrol price in Pakistan from February 1
Prices of petroleum products in Pakistan are likely to come down further from November 1.
According to sources, the prices of petrol and high-speed diesel in the global market have decreased by $1.5 and $2.5 per barrel respectively in the last 15 days.
Keeping in view the current exchange rate and current tax rates, relief can be given to the public by reducing the prices of petrol and HSD by Rs3 and Rs2.30 per liter.
In the global market, the price of petrol fell from $77.5 per barrel to $76 per barrel, while the price of HSD fell by $ 2.5 to $ 84 a barrel.
However, import premiums on petrol and high-speed diesel remained unchanged at $8.7 and $5 a barrel, respectively.
Earlier on October 15, the price of diesel was increased by Rs5 and by the end of this month, the price of petrol remained unchanged at Rs247.03. This was the first increase in the prices of petroleum products in the last three months.
Government levies Petroleum Development Levy (PDL) of Rs60 per litre and customs duty of Rs16 per litre on both petrol and HSD
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