The possibility of a drastic reduction in the price of petrol
The corona virus has completely changed the world, where it has devoured human lives, on the other hand, has hurt the economy. Lock down around the world has disrupted business life. Now the world is slowly returning to normal. This lock down has affected oil prices. Pakistan has also reduced oil prices two to three times.
Prices in the global market have been falling steadily for some time due to the decline in oil consumption, the effects of which were also felt in Pakistan and petrol became cheaper by Rs 15 in May, but now once again the price of petrol has gone up by five per cent. There is a possibility of a reduction of up to Rs.10
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GTV, citing its sources, claimed that the government has once again decided to provide relief to the people by reducing the prices of petroleum products. According to officials, the sale of petroleum products across the country due to the corona virus. After a significant reduction, the price of petrol is likely to fall further by Rs 5 to 10. The prices of petroleum products can be further reduced by Rs 10 per liter while the price of diesel can be reduced by up to Rs 2.
It may be recalled that for the month of May also the reduction in the prices of petroleum products was announced and the price of petrol was reduced by Rs. 15 per liter, the price of high speed diesel by Rs. 27 to 15 paise per liter, kerosene The price of Rs 30 per liter was reduced while the price of light diesel was reduced by Rs 15 per liter.
Petrol price was reduced from Rs 96.58 per liter to Rs 81.58 per liter, high speed diesel from Rs 107.25 per liter to Rs 80.10 per liter, kerosene from Rs 77.45 per liter. Rs 44 paise while the price of light diesel was reduced from Rs 62.51 paise to Rs 47.51 paise per liter.
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