Petrol prices are expected to drop starting March 16th

As per the news sources, petrol prices will decrease on March 16. The newly formed federal government plans to adjust Pakistan’s gasoline and diesel rates. Starting in the second half of March 2024, a new oil rate will be released on March 15th.

There is a rumor that the government will lower the price of RS’s gasoline. 5 per liter, diesel by Rs. 4.81. The new rate starts tomorrow. The low trend in the global market, with a 0.4% decrease in Brent oil futures per barrel, is expected to reduce oil prices.

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Current Petrol Price in Pakistan

Currently, the cost of high-speed diesel stands at RS. 287.33 per liter, while the cost of gasoline is RS. 279.62 per liter.

Expected petrol and diesel costs for March 16 in Pakistan;

Should the proposed reductions in pricing be enacted in Pakistan, gasoline and diesel would be available at the new costs of RS. 274.61 per liter and RS. 283.12 per liter, respectively.

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