Follow Us on Google News
A significant drop in petrol prices is expected in Pakistan starting September 16, following the scheduled review on September 15.
In the upcoming review scheduled for the next fortnight, petrol and High-Speed Diesel (HSD) prices in Pakistan are expected to decrease by Rs10-11 per litre.
According to Dawn, international prices for petrol and High-Speed Diesel (HSD) have decreased by approximately $5 per barrel.
This drop is expected to be reflected in petroleum prices in Pakistan, provided that the petroleum levy remains unchanged and the final exchange rate calculations and existing tax rates are taken into account.
On September 1, the government lowered the prices of petrol and high-speed diesel (HSD) by Rs1.86 and Rs3.32 per litre, respectively, for the first two weeks of the month.
If the price of petrol and HSD is reduced by Rs10 per litre, the new price of petrol in Pakistan will be Rs249.10 from September 16, while the price of HSD will be Rs252.75.
