The cost of petroleum and diesel is expected to be impacted by varieties in the worth of the neighborhood cash corresponding to the US dollar as well as changes in the cost of oil all around the world
There might be a lessening in Pakistan's stockpile of fuel and other oil based goods, as per unsubstantiated sources.
This conjecture arises at a time when Pakistanis are already contending with unprecedented levels of inflation and petrol prices.
A notable reduction in gasoline prices worldwide is the reason for the expected decrease in petrol prices. The Kakar-led provisional administration is set to review and decide on fuel rates for the second half of November on Wednesday, November 15, 2023.
Petrol prices have decreased internationally by roughly 3% to the lowest level in the preceding three months as a result of a decrease in demand. While Brent crude dropped by $2.07 to settle at $79.54 per barrel, US crude dropped by $2.33 to hover at $75.33 per barrel.
Reduced consumer demand and worries about a possible recession in the upcoming months are indicated by the slow sales.
Notwithstanding earlier reports that suggested a potential fuel price cut, the interim government decided two weeks ago not to lower petrol prices.
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