The recent developments in the global crude oil market point towards a further decline.
Islamabad: A significant relief is expected for consumers in the country on December 1 as the prices of the petroleum products expected to go down.
The recent developments in the global crude oil market point towards a further decline.
The per barrel price of Russian oil has dipped below $60, surpassing the European Union's designated limit. Despite the set threshold, the market value for Russian oil has experienced a decline.
Internationally, British Brent recorded a one percent decrease, settling at $80.58 per barrel, while American West Texas Intermediate has seen a two percent decrease, trading at $75.54 per barrel.
The global downtrend in crude oil prices is foreseen to translate into a notable reduction in petroleum product prices within Pakistan.
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