The price of petrol in Pakistan is expected to decrease by Rs 3.81 per litre for the next three days, while the price of high-speed diesel is likely to remain unchanged.
The Oil and Gas Regulatory Authority (OGRA) is expected to determine the prices of petroleum products for the upcoming three-day period. However, the anticipated changes have not yet been officially confirmed.
Global oil market
Crude oil prices declined in international markets on the last trading day of the week, while gold and silver prices recorded gains.
US West Texas Intermediate (WTI) crude futures fell by $0.48 to $97.49 per barrel. Meanwhile, Brent crude futures dropped by $0.49 to $105.43 per barrel.
October 16 price revision
According to the notification issued on October 16, the price of petrol was reduced by Rs 3.63 per litre to Rs 390.23.
However, the price of high-speed diesel increased by Rs 0.31 per litre, taking its new price to Rs 396.96 per litre.
October 15 price revision
On October 15, petrol prices were increased by Rs 1.20 per litre, while diesel prices were reduced by Rs 0.17 per litre.
Following the revision, petrol was priced at Rs 393.86 per litre, while diesel was available at Rs 396.65 per litre.
The expected reduction in petrol prices could provide some relief to consumers, although the final rates will depend on the official government announcement.
