Petrol, Diesel prices expected to drop notably from Dec 1

ISLAMABAD: Petroleum prices in Pakistan are projected to fall from December 1, marking a notable decrease for the next two weeks.

According to industrial and government sources, petroleum prices may drop by up to Rs 6.35 per litre from December 1.

The anticipated relief is attributed to increased global supply following the restoration of several units at Kuwait’s Al-Zour refinery, one of the Gulf region’s largest refining complexes.

Based on preliminary calculations using 13 days of data, petrol prices may decrease by Rs 3.70 per litre, bringing the current price down from Rs 265.45 to approximately Rs 261.75 per litre.

On the other hand, the price of high-speed diesel is likely to decrease by Rs 4.28 per litre, after which the price may decrease from Rs 284.44 to around Rs 280.16 per litre.

 A slight decrease in the price of kerosene (kerosene) is expected, i.e. after a decrease of Rs 0.73, the price of kerosene may decrease from Rs 194.34 to approximately Rs 193.61 per litre.

According to sources, light diesel oil price is expected to decrease the most, after a reduction of Rs 6.35 per liter from Rs 170.80 to Rs 164.45 per litre.