Big drop in petrol prices expected in Pakistan from Sep 16
Relief at the Pump? Potential Petrol Price Drop in Pakistan on September 16th
Pakistani drivers might be in for some welcome news as a significant decrease in petrol prices is anticipated starting September 16th.
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This potential reduction comes after the scheduled bi-weekly review on September 15th.
Expected Price Decrease:
Reports suggest a potential drop of Rs. 10-11 per liter for both petrol and High-Speed Diesel (HSD). This positive change is attributed to a decline in international oil prices, with petrol and HSD prices falling by approximately $5 per barrel.
Factors Influencing Final Price:
While the international price drop is a positive sign, the final price adjustment in Pakistan depends on several factors. These include:
- Petroleum Levy: If the government keeps the petroleum levy unchanged, it will significantly impact the final price at the pump.
- Exchange Rates: Final calculations will factor in the current exchange rate between the Pakistani Rupee and other currencies used in oil transactions.
- Existing Tax Rates: Existing tax structures on petroleum products will also play a role in determining the final price.
Previous Price Reduction:
It’s important to note that this potential decrease follows a price reduction implemented on September 1st. During that review, the government lowered petrol prices by Rs. 1.86 per liter and HSD prices by Rs. 3.32 per liter for the first two weeks of September.
If the anticipated Rs. 10 per liter reduction materializes, the estimated new price for petrol in Pakistan would be Rs. 249.10 from September 16th onwards. Similarly, the estimated new price for HSD would be Rs. 252.75 per liter.
Staying Informed:
For the most up-to-date information on petrol and HSD prices in Pakistan, it’s recommended to check official government resources or news outlets closer to the review date (September 15th).
Note: The information above might not be accepted 100%. Please verify from your own sources. We will not be responsible for any kind of loss due to our content.
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