The revision in prices was attributed to the fluctuations in global petroleum product prices and the positive shift in the exchange rate.
Citing knowledgeable sources, local reports indicated a forthcoming decrease of Rs10 per liter in both petrol and diesel rates.
Read more:Natural gas price increased by 172 percent
Internationally, oil prices have witnessed a decline in the past fortnight. Simultaneously, the Pakistani currency has been facing depreciation against the dollar due to increased import pressure, somewhat offsetting the advantages of reduced global prices for consumers.
During the week, oil prices dipped from $113 to $104. Concurrently, the local currency, the rupee, experienced a decrease in value by Rs6 against the dollar, reaching Rs287.
