The government is poised to provide significant relief by potentially reducing petrol and diesel prices by Rs13 and Rs15 per litre, respectively, in the upcoming fortnightly pricing update.
This anticipated reduction is attributed to a noteworthy downturn in international petroleum and diesel prices over the past fortnight.
The stability of the local currency at a weighted average of approximately PKR 284.33 per USD further contributes to this potential relief.
Current estimates as of December 2008 reveal a global decline in petrol and diesel prices by 5.44 per cent and 5.6 per cent, reaching $94.95 and $100.05 per barrel, respectively.
As the next pricing update is still a week away, the future trajectory of these prices hinges on global market movements and exchange rate fluctuations.
Notably, in the preceding fortnight, the government maintained the petrol price at Rs281.34 while reducing the HSD price by Rs7 to Rs289.71 per litre.
