Petrol Price May Drop Further by Rs. 18 Per Liter

Now Fuel prices are expected in Pakistan, to see a large mass decrease up to Rs. 18 per liter, suggesting the per-liter rate for high-speed diesel to fall by Rs. 5 to 6 and Ms petrol by Rs. 17- 18 per liter with initial estimates on 31 October 2023.

Assuming that International prices and the rising rupee of Pakistani remain in the green for the next day. Local petrol and diesel prices may be down to Rs. 297- 298 and Rs. 265, every two weeks prices are influential from 31 October 2023.

Clear Unpaid Dues to PSO Tells PIA In the last two weeks’ review of petroleum prices, the interim government reduced the price of high-speed diesel by Rs. 15 and the price of petrol by Rs. 40 per liter.

The Pakistani Rupee’s last 28 days’ win mark versus the US dollar and international rate of HSD and MS falling-off by $1.3-3.5 per barrel last week. the expected main factors decrease this would be correct third progressively decreases in the fuel rates after three progressively go-to hikes.

To Bring back, in the middle of 15 August to 15 September, high-speed diesel and petrol prices recess by Rs. 58.43 and Rs. 55.83 per liter, respectively, to a historic Rs. 331-333 per liter at retail up to 30 September 2023. Overdue to the PKR’s extensive recovery from above 278 and below 300. and their fuel and diesel were reduced by 52 and by 26 per liter, respectively, on the 1st to 15th of October.

Noticeably, the PKR has deteriorated by1% to 280.5/$ compared to last week average of 277/$, meanwhile,the price of WTI, Brent, and Arablight dropped by 4.3%, 3.2%,and 4.2% as compared to last week.
The Calculation based on actual costs is the first 12 days of the current weeks for estimate of the rest.

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