ISLAMABAD: In a significant development, it has anticipated that fuel prices in Pakistan will see a substantial reduction from November 1. Reports suggest that the price of petrol has expected to decrease by Rs 20 per liter, while high-speed diesel is likely to become cheaper by Rs 16 per liter.
This reduction in fuel costs comes in response to a decline in global crude oil prices, which have fallen by $5 per barrel. The reduction in petrol and diesel prices has expected to bring relief to consumers and businesses alike.
It’s worth noting that on October 16, there was a previous reduction in fuel prices, with petrol becoming cheaper by Rs 40 per liter and diesel by Rs 15 per liter. The upcoming reduction on November 1 further underscores the government’s efforts to mitigate the financial burden on the public, aligning the fuel price with the downward trend in international oil markets. Stay tuned for official announcements as the anticipated reduction date approaches.