Updated on
Summary After $10 decrease oil price in international market, petroleum prices may decrease in Pakistan.
Following a $10 decrease in price of oil in the international market, petroleum prices are expected to decrease in Pakistan.According to sources, the price of petrol is expected to decrease by Rs6 per litre while the price of diesel is expected to decline by Rs4.Kerosene oil is expected to decrease by Rs3- 4. According to sources oil prices in the world market have fallen to dollar 111 from dollar 121 per barrel. Due to this it is expected that in June petrol prices may see a decrease in Pakistan by Rs 1.50 and diesel by Rs 2.00. It is pertinent to note here that the ratio of decrease in prices in the local market is according the ratio of decrease in the international market.
