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ISLAMABAD: As global oil prices fall, petroleum product prices in Pakistan may also be reduced by up to Rs30 per litre from December 16, Petroleum Division sources revealed on Friday.
According to the sources, petrol is currently being purchased at $76 to $77 per barrel.
Levy charges on petrol are Rs50 per litre, while sales tax on all petroleum products remains zero. The current price of petrol in the country is Rs224.8 per litre.
The price revision of petroleum products will occur on December 15.
According to officials, the Oil and Gas Regulatory Authority (OGRA) will complete its proposal by December 15 and will then forward the national fuel requirements to the Petroleum Division.
The premier and finance minister will then debate OGRA’s recommendations.
