Today We Know From December 1 Petrol and diesel likely to become cheaper in Pakistan. In response to a major drop in crude oil prices on the global market, the price of a barrel of oil has dropped to the level of 76 dollars, which is projected to have a beneficial influence on the price of gasoline and diesel starting on December 1. From what we can see, oil and gas prices falling throughout the world will translate into lower pricing for petroleum items in Pakistan this December.
Dunya News reports that the current price of a barrel of British crude oil on the international market is $83, while the price of a barrel of American crude oil has fallen to the level of $76. The price of gas has also remained stable at $7.00 per million British thermal units. now exists.
There has been no alleviation in the price of petroleum products for the people of Pakistan during the last two months, despite reports that the price of oil on the world market has reduced. However, from December 1st, it is expected that gas and diesel prices in Pakistan would drop.
In light of the recent decline in the price of oil on the world market, former Ministry of Finance spokesperson Muzamil Aslam has urged the government to lower the price of gasoline and other petroleum products.
Current oil prices, according to analyst Muzamil Aslam, are far lower than they were before Russia and Ukraine became engaged. Economists predicted that the price of a gallon of petrol will be $143.00 on January 1, 2022. In early February, the price of a barrel of crude oil hit $75. Assuming a rate of Rs 200, Muzamil Aslam argues that the PDL is appropriately set at this amount.
Since Russia and Ukraine launched their fight, the price of oil has decreased dramatically. Analyst proceeded by noting current crude oil prices are at a level not seen since 2022. Regular gasoline in India cost Rs 113.48 a litre a year ago, while a barrel of crude oil cost Rs. As of that time, a barrel of oil cost less than $75. His recommendation for a reduction in gasoline costs was 25 rupees per litre, and he said we should wait to see what Ishaq Dar does.
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