The price of petroleum products in Pakistan is expected to decrease from August 1, 2024, for the first half of the month, pending government approval.
Industry sources indicate a potential reduction of Rs 5.50 per litre for petrol, bringing the price down to Rs 270.10 per litre from the current Rs 275.60.
Similarly, high-speed diesel (HSD) may see a significant reduction of Rs 11.06 per litre, lowering its price to Rs 272.57 from Rs 283.63 per litre. Kerosene oil is projected to decrease by Rs 5.84 per litre, setting the new price at Rs 177.87 per litre, while light diesel oil (LDO) could drop by Rs 5.07 per litre, resulting in a new price of Rs 161.18 per litre.
Read also: Govt to Deregulate Petroleum Prices, Granting Oil Companies Pricing Power
The proposed price cuts are influenced by various factors, including a recent decline in global oil prices. The price of a barrel of Brent oil has decreased to $79.35 on the London ICE exchange, while the price of Light oil on the New York NYMEX exchange has fallen to $75.35.
The final decision will depend on the government’s assessment of the financial implications for the energy sector.
BingX, a leading cryptocurrency exchange and Web3-AI company, today announced the appointment of Kevin Lee…
JazzWorld reported revenue of more than PKR 269 billion in the first half of 2026,…
Novo Nordisk, the global healthcare company with more than a century of leadership in diabetes…
Nine Pakistani nationals have been deported from Poland after a failed attempt to enter the…
K-Electric (KE) has earned international recognition by winning the Gold Stevie® Award at the 11th…
This five-year strategic collaboration will establish a pioneering Special Educational Needs Unit, train thousands of…
This website uses cookies.
