Crude oil sees 11-year low with $36.33 a barrel

Crude oil sees 11-year low with $36.33 a barrel
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Summary Petrol and diesel are likely to cost Rs 2 lesser in the next month

LAHORE (Dunya News) – International crude oil prices have fallen to an 11-year low and petroleum products’ prices could fall further in the coming year if the government does not impose new tax.

Crude oil has seen a cut of $55 cents taking a barrel to $36.33 which is the lowest since 2004. In a year, crude oil price has plunged by at least 36 percent in the international market.

Petroleum industries experts have said that petrol and diesel are likely to cost Rs 2 lesser in the next month given that the government does not revise taxes to fill up national treasure.

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