Possibility of further reduction in petroleum product prices

Islamabad: The government has hinted at the possibility of another reduction in petroleum product prices within fifteen days.

According to sources, there is a possibility of a Rs. 12 per liter reduction in the price of petrol. The international price of petrol has decreased by $6.32 per barrel with the global price of petrol nearing $99.93 per barrel.

There is also a possibility of a Rs. 9.70 per liter reduction in the price of diesel. The international price of diesel has dropped to $4.97 per barrel with the diesel price standing at approximately $99.08 per barrel.

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