Government of Pakistan announced petrol prices decrease from 15 May, According to the original overview of the Petroleum Division, the price of petrol could probably decrease by up to 7 to 10 Pakistani rupees per liter, while the price of diesel could decrease by 8 Pakistani rupees per liter.
The Ministry of Finance has received a summary regarding petroleum product prices from the Petroleum Division. The Finance Minister of Pakistan, Hammad Azhar, will consult with the Prime Minister regarding the recommendations, and a final decision on petroleum product prices will be made accordingly.
It is important to note that any new petroleum product prices will come into effect after midnight on May 15th and will be applicable for the next 15 days.
It is worth noting that over the past 14 days, the price of crude oil has remained stable at a maximum of $77.44 per barrel in the Brent Oil market.
It remains to be seen how these potential price decreases will affect the public and the economy as a whole. However, if implemented, it could provide some relief to Pakistani citizens who have been struggling with high inflation and rising prices
