Expected Drop in Petrol and Diesel Prices in Pakistan for November Pakistan may experience a slight decrease in petrol and diesel prices starting November 1, offering a potential relief for inflation-affected consumers. This anticipated drop follows a recent decline in global crude oil prices. Officials forecast a reduction of Rs2 to Rs3 per litre for petroleum products for the next 15 days, as average crude oil costs have decreased. Petrol’s per-barrel price dropped from $77.5 to $76, while high-speed diesel fell from $86.5 to $84.
With current exchange rates and taxes accounted for, petrol prices may decrease by up to Rs3 per litre, and diesel by around Rs2.30 per litre. Presently, ex-depot prices stand at Rs247.03 for petrol and Rs251.29 for diesel. This minor adjustment could provide economic relief to consumers amid high inflation pressures.
Key Highlights
Aspect | Details |
---|---|
Expected Price Reduction | Anticipated reduction of Rs2 to Rs3 per litre for petrol and diesel starting November 1. |
Global Crude Oil Prices | Petrol’s per-barrel cost fell from $77.5 to $76; diesel dropped from $86.5 to $84. |
Current Fuel Prices | Ex-depot petrol price: Rs247.03 per litre; diesel price: Rs251.29 per litre. |
Previous Adjustment (Oct 15) | Diesel price increased by Rs5 per litre due to global market changes, while petrol remained at Rs247.03. |
No Change for Other Fuels | Prices for light diesel oil and kerosene remained steady. |
Summary
This potential decrease in fuel prices may provide a temporary relief to Pakistani consumers burdened by high inflation. The adjustment reflects global market trends and highlights the government’s response to fluctuating oil prices, signaling potential future stability for essential fuel costs.