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[ad_1] Petrol and diesel prices in Pakistan are poised to experience a reduction in the upcoming week, with reports indicating a noteworthy decline. The anticipated decrease amounts to Rs13 per litre for petrol and an even more substantial reduction of Rs15 per litre for diesel, slated for implementation on December 16, pending approval in the fortnightly review by the government. It is expected that the official announcement regarding the revision of petrol and diesel prices will be made before 12 am on December 15, with the new rates set to take effect from 12 am on Saturday, December 16. Insights into the global market reveal a decline of $5.49 per barrel in the price of petrol, bringing the current cost per barrel to $94.95. Similarly, diesel has seen a reduction of $5.13, with its price now standing at $100.05. As of the latest data, the existing petroleum prices in Pakistan are Rs281.34 per litre for petrol and Rs289.79 per litre for diesel for all cities including L

[ad_1] Finance Minister Ishaq Dar announced on Friday that the petrol prices will remain the same but the diesel prices have been increased by Rs7.50 for the next fortnight. Finance Minister Ishaq Dar shared the upgraded rates of petroleum products in a video statement. In an effort to minimize the burden on the public, the finance minister stated that the price of petrol will remain unchanged, ensuring stability in its cost. Dar went on to say that the decision to adjust the prices was reached after consultations with the prime minister, taking into consideration the recommendations put forth by Oil and Gas Regulatory Authority (Ogra) to keep the prices as low as possible. He said, “These revised prices will come into effect from midnight tonight and will be applicable for the next 15-day period.” It is worth noting that the Ogra had submitted the proposed petroleum product prices for the next fortnight to the Ministry of Finance. The government’s intention to provide rel