Business
POL prices may go down in Pakistan on Dec 1
The recent developments in the global crude oil market point towards a further decline.
![POL prices may go down in Pakistan on Dec 1](/media/87468/conversions/POl-prices-may-go-down-1280x720.webp)
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.
-
Weather 6 hours ago
New spell of monsoon rains to start in Punjab tomorrow
-
Pakistan 1 day ago
Imran Khan to contest for Oxford Chancellor’s election from Jail
-
Pakistan 1 day ago
Pakistan welcomes “Declaration of Unity” by Palestinian factions
-
Crime 1 day ago
Five killed, three wounded in Karachi’s DHA firing
-
Weather 2 days ago
Rain likely at isolated places; humid weather to continue: PMD
-
Pakistan 2 days ago
Nearly 50,000 Pakistani pilgrims go missing in Iraq: Minister
-
Regional 2 days ago
Rana Sanaullah lauds UNESCO's role in sports education
-
Pakistan 1 day ago
Bad weather: Flight operations severely affected in Lahore