Expected decreases in petrol and diesel prices starting on November 1

In the past fifteen days, the price of gasoline has dropped by $1.5 and $2.5 per barrel on the international market, respectively.

With the present currency rate and tax rates in mind, the government is probably going to help the populace by lowering the price of gasoline by Rs. 3 and HSD by Rs. 2.30 per liter, respectively.

In the worldwide market, the price of HSD dropped by $2.5 to $84 per barrel, while the price of gasoline dropped from $77.5 to $76 per barrel.

Prior to the end of the current month, the price of gasoline stayed at Rs247.03, while the price of diesel climbed by Rs5 on October 15.

Additionally, the costs of kerosene oil and light diesel have not altered.

According to earlier reports, the Pakistani federal government was considering raising the oil corporations’ profit margin by Rs1.35, to Rs9.22 per gallon. The proposed increase was Rs1.40, which would have increased the profit for petrol sellers to Rs10.04 per litre.