Petrol price likely to fall in Pakistan

Islamabad: There is good news for the people suffering from inflation as petrol prices are likely to decrease in the country from September 1.

According to the media reports, the Oil and Gas Regulatory Authority (OGRA) and the Oil Market have worked on the new prices of petroleum products, according to which petrol price may be less by Rs5 per liter from September 1 and diesel prices may be reduced by Rs6 per liter.

It is reported that the reduction in crude oil prices in the global market will have an impact on petroleum products. The global crude oil price has reached 79 barrels and will be reviewed by August 30.

The final summary related to petroleum products will be sent on August 31. Finance Minister Muhammad Aurangzeb will announce the new prices of petroleum products after consultation with Prime Minister Shehbaz Sharif.