Informed sources reveal that the interim government is contemplating a reduction in petrol and diesel prices by Rs10 per liter for the next fortnight. This decision is attributed to fluctuations in global oil prices and an improved exchange rate. The primary reason for the adjustment is the cited variations in international petroleum product prices.
Despite a recent decline in global oil prices from $113 to $104, the local currency is under pressure due to imports, resulting in a depreciation of Rs6 against the dollar, settling at Rs287. This situation may mitigate the potential benefit of lower international prices for consumers.
The current petrol price in Pakistan is Rs283.38 per liter, while diesel is priced at Rs303.18 per liter.
