Starting August 1, Pakistan may witness a revision in petroleum product rates. According to industry sources, petrol prices are likely to decrease by Rs. 9.07 per litre, bringing the new rate down to approximately Rs. 263.08 from the current Rs. 272.16. Diesel prices could see a reduction of Rs. 3.73 per litre, lowering the cost to Rs. 280.62.
Kerosene and Light Diesel Prices May Rise
Compared to this, kerosene oil could go up by Rs. 3.55 per ltr to reach a price of Rs. 184.88. Light diesel oil may be enhanced by Rs. 2.33 per litre, and new rates are expected to be Rs. 170.09.
All these anticipated revisions are associated to the international trends on the crude oil market and a small appreciation in the Pakistani rupee in comparison to the dollar.
Although the fall anticipated on the price of petrol and diesel is bound to bring a respite in the transportation expenses, the increase in the prices of kerosene and light diesel may influence consumption at both domestic and industrial levels. Market experts and citizens are waiting to get the official confirmation to have the final rates and details of its implementation.
