Petrol prices in Pakistan are expected to decrease for the next fortnight starting from December 1, media reports said Saturday.
As per the details, the price of petrol could fall by Rs3.70 per litre to Rs261.75 while high-speed diesel (HSD) price could drop by Rs4.28 per litre to Rs280.16 per litre.
Kerosene prices could slightly drop by Rs0.73 per litre, down to around Rs193.61 whereas light diesel oil (LDO) is projected to see the largest drop of Rs6.35 per litre – bringing the price down to Rs164.45 from Rs170.80.
For the last fortnight starting November 15, petrol prices remained unchanged at Rs265.45 per litre.
HSD, on the other hand, rose by Rs6 per litre to Rs284.44 on the recommendation of the Oil and Gas Regulatory Authority (OGRA) and the Ministry of Energy.
For the first two weeks of November, the federal government had increased petrol prices by Rs2.43 per litre to Rs265.45 while HSD rates went up by Rs3.02 to Rs278.44.
The latest drop in prices is being attributed to minor fluctuations in the international market.