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

Deadly Heatwave Sweeps Europe, Kills Dozens, Forces Night Harvests

Western Europe experienced a deadly record-setting heatwave on Wednesday. Dozens of deaths were reported, schools…

47 minutes ago

North Soldier Crosses Border in Suspected Defection, Says South Korea News Agency

South Korean military secures one North Korean soldier at border The Yonhap news agency reported…

2 hours ago

IAEA Chief Says Iran Inspections to Proceed Amid U.S.-Iran Accord

The UN nuclear watchdog plans to conduct inspections in Iran following a recent peace accord…

2 hours ago

Marco Rubio and Ishaq Dar Discuss Absence Impacting Relationships

Absence makes the heart grow fonder. Indeed, a restraining order was issued. Don't be facetious.…

3 hours ago

Pakistan’s First National Conference on “Connected for Care’’

The Two-Day National Conference Connected for Care, convened in Islamabad Best Western Hotel by Ministry…

3 hours ago

Sabri Sisters Take Center Stage in New York’s Times Square as Spotify’s EQUAL Pakistan Ambassadors for Q2 2026

Following their announcement as Spotify EQUAL Pakistan Ambassadors for Q2 2026 earlier this quarter, the…

3 hours ago