Overview
The petrol price revision date is coming near. In Pakistan, petrol prices are revised every 15 days. As per the expert’s suggestions, petrol prices are likely to reduce in the coming fortnight decision, which will be announced on 15 December 2023 at midnight.
Relief in petrol prices is expected because the Pakistan rupee value shows a good response against the USD. Meanwhile, petrol prices are also reduced in the global market. The report has confirmed the global market experienced a $5.49 decline in the per-barrel cost. The news has strong hopes of a reduction in petrol rates in Pakistan. As it’s necessary for the citizens during this high inflation condition. As per the recent decline in per barrel cost, we are expecting a Rs.15 per liter reduction in fuel rates in the coming dates.
Current Petrol Rate
The current petrol rate in Pakistan is Rs. 281.34 per and the Diesel price stands at Rs. 289.79 per liter. if the government reduces petroleum product prices it would be great for the citizens to improve their daily lifestyle.
Petrol prices affect the overall day-to-day working. Daily commuters are affected by the irregular petrol rates. Petroleum product rates indicate different decisions in Pakistan. Transportation charges and commercial rates are also affected due to petrol rates ups and down.
Conclusion
The petrol rates declined in the first week of December in the global market. But the petrol rates were not changed, and the government continued the previous rate for the next fortnight. We are expecting a decline this time because prices reduced significantly in the international market. The end consumers are waiting for petrol relief to continue the cycle of routine work on good terms.
