A major reduction in petroleum prices is expected from February 16.
Petroleum products are likely to be cheaper up to Rs 9.
Under the influence of the global market, the prices of petroleum products in the country are declining significantly from February 16, with petroleum products likely to be cheaper up to Rs 9.
The price of high -speed diesel is likely to be reduced by Rs 9.11 per liter, while the price of petrol per liter will be reduced by Rs 2.50 per liter.
In addition, kerosene can be cheaper than Rs 3.45 per liter, while light diesel can be Rs 5.60 per liter.
The decline in prices will be in proportion to global crude oil prices, the industry sends a working paper on petroleum products to OGRA.
OGRA will send final working paper to the government on February 15 on the global market proportion.
Prime Minister Shahbaz Sharif will give final approval on petroleum prices. The Ministry of Finance will release the price for the next 15 days.
