Price of petrol likely to decrease by Rs7 per litre

The prices of the petroleum products are likely to decrease by up to Rs7 per litre in the domestic market in December, as the same has witnessed a sharp decline of 30 per cent in the international market.

According to details, oil has fallen by over 7pc to $50.42 in the US market. Within seven weeks, the price has decreased by over 30pc. Analysts believe that govt would likely give relief to inflation-riddled consumers.

On the other hand, Pakistan’s import bill would also drop significantly after a decrease in oil prices in the international market.

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