ISLAMABAD: After the drop in crude oil prices in the world market, there is a possibility of a big drop in petroleum products in Pakistan as well.
According to sources, petroleum products are likely to be cheaper by Rs 11 per liter from August 1.
For the next 15 days, the per liter price of petrol is expected to decrease by 5 rupees 50 paise and the per liter price of diesel is expected to decrease by 11 rupees.
Similarly, the price of kerosene is likely to decrease by Rs 5.84 per liter and light diesel by Rs 5 per litre.
During the last 10 days, crude oil became cheaper in the global market. Ogra will determine the prices today according to the global market ratio.
A formal notification of prices will be issued with the final approval of the Prime Minister.
