Petroleum prices likely to fall in Pakistan

Islamabad: The prices of petrol and diesel are expected to drop significantly in Pakistan from May 16.

According to media reports, oil industry stated that price of petrol is likely to decrease by Rs17 per liter from May 16.

Reportedly, the price of diesel may also reduce by Rs27 per liter. Due to the falling price of crude oil in the global market, the price of petrol and diesel will be slashed.