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Home Business & Stock

Global oil prices fall sharply

MM News Staff by MM News Staff
January 11, 2026
Reading Time: 1 min read
File photo

File photo

The price of petrol has fallen by $2.74 per barrel, declining from $69.27 to $66.54 per barrel in the international market.

According to the report, the petrol premium has also decreased by 13 cents per barrel, dropping from $5.14 to $5.01.

Customs duty on petrol has been reduced by 72 paisa per litre, while the ex-refinery price of petrol has recorded a decrease of Rs 6.51 per litre.

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Similarly, the exchange rate adjustment on petrol has fallen by 68 paisa per litre. As a result, the ex-refinery price of petrol has declined from Rs 145.57 to Rs 139.06 per litre.

Meanwhile, the price of diesel has dropped by $2.33 per barrel, falling from $76.32 to $73.99 per barrel.

Customs duty on diesel has been reduced by 80 paisa per litre, while the exchange rate adjustment has declined by 35 paisa per litre.

The ex-refinery price of diesel has decreased by Rs 5.33 per litre, coming down from Rs 155.33 to Rs 149.99 per litre.

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