ISLAMABAD: The price of petrol per barrel in the global market has decreased by $2.74. The price of petrol has decreased from $69.27 per barrel to $66.54 per barrel.
The trend of decreasing crude oil prices in the global market continues. The petrol premium has also decreased by 13 cents per barrel. After which the premium has decreased from $5.14 to $5.1.
Similarly, the customs duty on petrol per liter has been reduced by 72 paisa. While the exchange adjustment has decreased by 68 paisa per liter.
According to the report, the ex-refinery price of petrol has decreased by a total of Rs6.51 per liter. After which the price has decreased from Rs145.57 to Rs139.6 per liter.
On the other hand, the price of diesel per barrel in the global market fell by $2.33 to $73.99 from $76.32.
A reduction of 80 paise in customs duty per barrel on diesel and 35 paise per liter in exchange adjustment was recorded. As a result, the ex-refinery price of diesel decreased by Rs5.33 per liter. After which the price decreased from Rs155.33 to Rs149.99 per liter.
The impact of this reduction in prices in the global market is also likely to affect the prices of petroleum products at the local level. However, the final decision will be taken by the relevant authorities.
ANKARA: Field Marshal Asim Munir held an important meeting with Turkish President Recep Tayyip Erdogan…
ISLAMABAD: The highly controversial Indian movie named 'Satluj' has been the talk of the town…
ISLAMABAD: In view of the increasing tension in the region and the fears of closure…
ISLAMABAD (Rizwan Abbasi): The International Monetary Fund (IMF) has projected that Pakistan’s average inflation rate…
ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday strongly condemned the recent attacks on Saudi Arabia,…
KARACHI: The gold prices in Pakistan have been reduced to Rs 424,136 following a reduction…