Advertisement
Categories: BusinessNews

Petroleum Prices Expected to Drop Before Eid

Advertisement

As Eid-ul-Adha approaches, the price of petroleum products is expected to decrease significantly.

Over the next 15 days, the prices of petroleum products are anticipated to drop by Rs9.30. Starting June 16, the price of petrol is expected to decrease by Rs9.28, while the price of diesel is expected to fall by Rs4.02. Additionally, the price of kerosene is likely to decrease by Rs2.

This expected reduction follows a significant drop in crude oil prices in the international market over the past week. The benefits of the reduced global prices are anticipated to be passed on to the public.

According to media reports, the Oil and Gas Regulatory Authority (OGRA) will submit a summary to the government on June 15. Prime Minister Shehbaz Sharif will provide the final approval regarding the new prices of petroleum products.

Advertisement
News Desk

Recent Posts

PM Shehbaz Removes PTV Fee from Electricity Bills, Launches Consumer-Led Billing App to Curb Overcharging

Prime Minister Shehbaz Sharif announced on Sunday the complete elimination of the PTV licence fee…

16 hours ago

Strengthening Educational Assessment in Balochistan: AKU-EB Concludes Capacity Building Project with Balochistan Assessment and Examination Commission

The Aga Khan University Examination Board (AKU-EB) has successfully concluded a capacity development and technical…

16 hours ago

Revolutionizing Pakistan’s Digital Landscape: USF Launches 7 New Broadband Services/Ofc Projects of Pkr 7.49 Billion to Enable 3.76 Million Residents From 12 Districts

In a landmark decision, the Universal Service Fund's (USF) Board of Directors has greenlit seven…

16 hours ago

Pakistan Enters Top 100 of Global Passport Index, Eyes Further Gains with Digital Upgrades

Pakistan’s passport has made a notable leap in global mobility rankings, entering the top 100…

2 days ago

International Survey Reveals Pakistanis Support Actions to Address Climate Change

An international survey conducted across 17 total countries, including Pakistan, was commissioned by the Global…

2 days ago

Pakistan’s first AI data center launched

Data Vault Pakistan has officially launched the country’s first AI-focused data center in Karachi, a…

2 days ago