Overview
The greatest time for the deal has begun because the most expensive place has also come up with a new offer. An Oil Marketing Company Attock Petroleum embarked petrol offer for customers to offload petrol and diesel as much. The campaign started even the 3 days before of new petrol rates announcement.
Petroleum products rates collapsed in the international market and the rupee value made a historic increase against the dollar strength. These two major reasons give vibes to the huge decline in petrol and diesel prices in the coming days. The new rates announcement date is 15 October but oil companies already started the campaign. This might be a way to save the potential inventory loss and offer a price reduction. Because we haven’t heard this type of offer before.
What Is Petrol Offer
Petrol offers work in a pretty substantial way of price reduction. The offer is valid on specific fuel thresholds. The discount works on a special quantity of petrol which is set at Rs. 5-liter reduction per liter. Four-wheelers can avail discount rate at 20 liters. Meanwhile, two- and three-wheel vehicles can avail the discount at 5 liters.
The offer is might a solution to prevent inventory from loss. The expected significant reduction in petrol prices threatens them a huge loss. Before the Oil & Gas Regulatory Authority (OGRA) announcement, they are managing inventory adjustments to prevent huge losses. This is an adjustment of loss to roll out an exclusive offer on maximum petrol purchase.
Conclusion
The wait for petrol price reduction is close. The government has set a petrol prices announcement every 15 days. The recent increase in the Pakistan rupee value has solved many trade problems. Imported products prices will also reduce after the major effects of the rupee’s strength. We are also expecting improvements in trade. The current affairs are in full favor of a reduction in petroleum product prices. And we are expecting the upcoming Government decision will follow it.
