Following a reduction in international crude oil prices, the rates of petroleum products in Pakistan are expected to decline from April 1.
The price of diesel will be reduced by Rs15–20 per litre, while the price of fuel is expected 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 price of petroleum to Rs272 per litre in its most recent weekly report.
The depreciation of the Pakistani rupee against the US dollar and an increase in prices noted by Platts Singapore were pointed out by the Finance Division as the causes of the price rise.
MS (petrol) prices rose by Rs. 5 per litre, and the price of high-speed diesel increased by Rs. 13 per litre.
By lowering the government’s dues on it, the price of kerosene oil was prevented from rising above Rs 2.56. Similarly to this, the cost of light diesel fuel was maintained by changing the government Dues.