Petrol and Diesel Prices Likely to See Massive Decrease This Week

MS petrol and High-Speed Diesel (HSD) prices are expected to fall this week due to a decline in international oil prices. The federal government is expected to decrease the price of petrol and diesel by Rs. 12 per liter each on September 14, 2024. The lower forecast is based on international oil prices which slid in the current fortnight to below $70 per barrel. Notably, the Pakistani rupee remained stable at 278 during the period in review. Considering the above, it is expected that the price of HSD is poised to decrease to Rs. 250-251 per liter in Pakistan. Meanwhile, MS rates are expected to fall to Rs. 247-248 per liter. In the previous fortnight, the government cut the petrol price by Rs. 1.86 per liter to Rs. 259.1. Meanwhile, the diesel price was reduced by Rs. 3.32 per liter to Rs. 262.75.