Business
Huge cut likely in petrol price in Pakistan
The price of petrol and high speed diesel in Pakistan is likely to decrease by Rs8 to Rs10 per liter from November 15.
![Huge cut likely in petrol price in Pakistan](/media/85985/conversions/h4-1280x720.webp)
Islamabad: Due to low-cost oil in the global market, the prices of petroleum products are also likely to decrease in Pakistan, reportedly.
According to the media reports, the price of petrol and high speed diesel in Pakistan is likely to decrease by Rs8 to Rs10 per liter from November 15.
It is reported that the price of kerosene is likely to decrease by Rs4.5 per liter, while the prices of light diesel may also decrease by Rs16.50 per liter.
Oil and Gas Regulatory Authority (OGRA) will send the summary regarding the prices of petroleum products to the Ministry of Petroleum on November 15, after which a final decision will be taken after consulting the caretaker prime minister.
On the other hand, former Minister of State for Petroleum Musadik Malik said while speaking in a program of private news channel that petrol price will reduce before the election and Pakistan will definitely witness economic stability after the election.
Musadik Malik stated that at the moment there is hopelessness in our country, however after elections, poverty will be eradicated with structural changes and proper strategy. The elected government will have to take difficult decisions for 1.5 years after which the country will move towards the journey of development.
-
Pakistan 1 day ago
Imran Khan candidate for chancellorship of Oxford University
-
Pakistan 2 days ago
Nawaz, Zardari standing on wrong side of history: Fawad
-
Business 13 hours ago
Gold price up by Rs1,000 per tola in Pakistan
-
Weather 1 day ago
Cloudy, sunny weather in Lahore, rain also expected
-
Pakistan 2 days ago
Free Meal Program to start at Islamabad schools from August 5
-
Pakistan 1 day ago
Imran Khan to contest for Oxford Chancellor’s election from Jail
-
Pakistan 18 hours ago
Bad weather: Flight operations severely affected in Lahore
-
Weather 2 days ago
Rain likely at isolated places; humid weather to continue: PMD