- The price of gasoline will probably drop by Rs. 4-$5 per litre.
- Expected diesel price reduction of Rs15–20 per litre.
- Price stability may be possible, according to some sources.
The cost of petroleum products in Pakistan is anticipated to decrease starting on April 1 as a result of a drop in global crude oil costs, according to a story published on Wednesday by Geo News.
The cost of diesel is anticipated to decrease by Rs15–20 per litre, while the cost of gasoline is anticipated to decrease by Rs4-5 per litre, according to estimates from oil marketing companies (OMCs).
Well-placed industry insiders claimed that there is a chance that the Finance Division will maintain the price.
The federal government increased the cost of gasoline to Rs272 per gallon in its most recent fortnightly report.
The depreciation of the Pakistani rupee versus the US dollar and an increase in costs noted by Platts Singapore were cited by the Finance Division as the causes of the price rise.
MS (petrol) prices rose by Rs. 5 per litre, and the cost of high-speed diesel rose by Rs. 13 per litre.
By lowering the government’s dues on it, the price of paraffin oil was prevented from rising above Rs 2.56. Similar to this, the cost of light diesel fuel was maintained by changing the government fees.
The revised rates are effective as of March 16 and are valid through March 31.
The revised prices, which will be in effect for the following 15 days, will be announced by the Finance Division on March 31.