Pakistani consumers may witness a significant reduction in fuel prices, with petrol expected to decrease by Rs 13 and diesel by Rs 15 per litre from December 16.
Reports suggest that petrol prices might see a decline of Rs 13 per liter, while diesel could witness a decrease of Rs 15 per liter.
The dip in global oil prices has contributed to this potential relief for consumers, as the price of petrol per barrel dropped by $5.49 to $94.95, and diesel decreased by $5.13 to $100.05 in the international market.
Presently, the fuel prices in Pakistan stand at Rs 281.34 per litre for petrol and Rs 289.79 per litre for diesel. The government is set to make a final decision on the revised prices on December 15, and if approved, the new prices will be implemented from December 16.
This anticipated reduction in fuel prices comes as a response to the changing dynamics of the global oil market.