Business

Massive drop in petrol prices expected in Pakistan from Sep 16

Published by
Web Desk

ISLAMABAD: After the review scheduled on September 15 in Pakistan, a significant reduction in petrol prices is expected from September 16.

In the review scheduled for the next fortnight, petrol and high-speed diesel (HSD) prices in Pakistan are expected to drop by Rs 10-11 per litre.

According to the media, the international prices of petrol and high-speed diesel (HSD) have decreased by about 5 dollars per barrel.

This reduction is expected to be reflected in petroleum prices in Pakistan, provided the petroleum levy remains unchanged and the final exchange rate calculations and current tax rates are taken into account.

On September 1, the government reduced the prices of petrol and high-speed diesel (HSD) by Rs 1.86 and Rs 3.32 per litre respectively for the first two weeks of the month.

If the price of petrol and HSD is reduced by Rs 10 per litre, the new price of petrol in Pakistan will be Rs 249.10 from September 16, while the price of HSD will be Rs 252.75.

Web Desk

Recent Posts

PTA warns users against sharing unlawful online content

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) has issued a warning for mobile phone users against…

8 hours ago

Iranian President lauds Pakistan’s peace efforts during key meetings

ISLAMABAD: Iranian President Dr. Masoud Peshkeskian met President Asif Ali Zardari and Prime Minister Shehbaz…

9 hours ago

Govt approves reduced property tax rates, new income tax slabs for salaried class

ISLAMABAD: The government has approved a reduction in advance tax rates on property buyers and…

10 hours ago

CDF Asim Munir meets Iranian President, discusses regional situation following US-Iran talks

RAWALPINDI: Chief of Army Staff, Field Marshal Syed Asim Munir, met with Iranian President Masoud…

11 hours ago

Solar panels, batteries rates drop amid reduction in petrol price

LAHORE: Following the reduction of petroleum prices, solar panels and batteries witnessed a sharp fall…

11 hours ago

SBP announces two bank holidays

ISLAMABAD: State Bank of Pakistan (SBP) has declared a two-day public holiday for Ashura (9th &…

12 hours ago