Petrol price likely to fall by Rs10 per liter

Islamabad: After the significant decline of oil price in the global market, Pakistanis are also likely to witness relief in petrol prices, reportedly.

Due to low oil rates in the global market, it is reported that the prices of petrol and high speed diesel in Pakistan are likely to decrease by Rs8 to Rs10 per liter from November 15.

It is pertinent to note that the price of US West Texas Intermediate crude oil has decreased by 4% since July to the lowest level at 78 dollars per barrel.

On the other hand, the value of the rupee swelled by Rs6 against the US dollar and settled at Rs286.

Currently, the price of petrol in the country is Rs283.38 while the price of high speed diesel is Rs303.18.