Petroleum prices likely to decrease by Rs7 per litre

Govt slashes petrol price by Rs15 and diesel by Rs27.15 per liter

ISLAMABAD: The prices of the petroleum product are likely to plummet by up to Rs7 per litre in the domestic market in December as the same has witnessed a sharp decline of 30pc in the international market.
As per details garnered, oil has tumbled over 7pc to $50.42 in the US market. In only span of seven weeks, the price has decreased by over 30pc. Analysts believe that govt would likely give relief to inflation-riddled consumers.
On the other hand, Pakistan’s import bill would also drop significantly after decrease in oil prices in the international market.


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