Petroleum prices likely to be decreased
Price of Arab light crude oil has been decreased by 25 dollar per barrel, on its lowest in 13 years
ISLAMABAD (Dunya News) – Ministry of Petroleum said on Wednesday that after the reduction of oil prices in international market, there are chances of oil prices getting low in Pakistan as well, reported Dunya News.
According to the details, the price of Arab light crude oil has been decreased by 25 dollar per barrel, on its lowest in 13 years. It is being said that after the reduction of price in Arab crude oil, there are chances that oil prices in Pakistan will be decreased by 13 rupees per litre. Ministry of Petroleum mentioned the probability of decrease in petrol price by 9 rupees and high speed diesel by 8 rupees, 74 paisas from February the 1st while kerosene oil price is likely to be reduced by 9 rupees 77 paisas and high octane by 13 rupees per litre. Light diesel price is likely to be reduced by 8 rupees 56 paisas.
