Pakistan Expects Big Relief in Petrol, Diesel prices for Second Half of October

In line with a fall in worldwide prices, a considerable drop in the price of petrol and diesel is anticipated for the second half of October.

Inflation in Pakistan is at an all-time high, Petroleum prices have reached triple digits, and the country's oil industry has suffered its worst setback since the Covid era.

According to sources, the price of petroleum products fell significantly after falling by $7 a barrel. The Gulf market, where crude oil prices have decreased, reflects this decline.

The caretaker government is likely to reduce petrol prices by up to Rs 20 a liter in order to spread the relief across the globe.

Additionally, it is anticipated that the price of diesel will drop by Rs. 15–20 per liter.