[ad_1]
Once Again, the petrol prices in Pakistan are about to revise for the next fortnight, and Again, the news of anticipated decrease in fuel prices dwells on the horizon. Such news is sometime a sigh of relief for already-vulnerable inflation stricken middle class grappling with the burden of escalated living costs.
As per the media reports, with a notable decline of $5.49 per barrel in global oil prices, there is a strong possibility of a substantial reduction in petroleum product prices in Pakistan. Speculations suggest a potential decrease of Rs. 13 in petrol prices and Rs. 15 per liter in diesel prices.
The government is expected to make a final decision regarding the possible new prices of petroleum products on December 15, and these revised prices are anticipated to take effect from December 16.
Current Prices
It is important to note that the current petrol price in the country stands at Rs. 281.34 per liter, while diesel is priced at Rs. 289.79 per liter.
It is worth mentioning that there were earlier indications of a substantial reduction in petroleum product prices on the first day of December. However, despite the decrease in global oil prices, the government did not provide the anticipated relief to the public, prompting widespread discontent.
Citizens in urban areas expressed their concerns, emphasizing that when the government promptly raises prices in response to global market fluctuations, it should equally prioritize passing on the benefits of reduced prices to the public when the global market experiences a downturn.
As the government gears up to announce its final decision on petroleum product prices, the masses remain hopeful that this time, the reduced global oil prices will translate into tangible relief for the general public, offering respite to individuals grappling with the economic challenges posed by the high cost of living.
[ad_2]