Petrol prices likely to be cheaper from 1st December. A clear drop in the prices of crude oil in the global market. The price of a barrel fell to the level of 76 dollars.
According to the details, due to the falling prices of oil and gas in the world market. Petroleum products are likely to become cheaper in Pakistan in December.
According to the media report, the price of British crude oil per barrel in the world market is $83. While the price of American crude oil falls to the level of 76 dollars per barrel.
The price of gas is also at the level of 7 dollars per mmbtu. It is reported that there has been a decrease in oil prices in last 2 months in the world market. But no relief provided to the people of Pakistan in the last 2 months in terms of petroleum products.
Now in Pakistan Petrol prices likely to be cheaper from 1st December.
Regarding the falling oil prices in the world market, the former spokesperson of the Ministry of Finance Muzzammil Aslam demands the govt to make petroleum products cheaper.
The local petrol price on Jan 1st were 142.32/litre when crude prices were above $75/bbl. If we add further 40/litre for PDL and exchange adjustments the price should not be more than 200/litre. Time to pass on relief https://t.co/9TcfDw3AzV pic.twitter.com/kPX80mNBH0
— Muzzammil Aslam (@MuzzammilAslam3) November 28, 2022
Economist Muzzammil Aslam says that oil prices are now much lower than before Russia and Ukraine.
Economist says in his statement that the price of gasoline on January 1, 2022 was Rs.143.32.
When the price of crude oil was 75 dollars per barrel. Muzzammil Aslam further says that PDL should be Rs 200 after exchange adjustment.
Oil prices are now much lower than before Russia and Ukraine. The economist also adds that crude oil is trading at a 2022 lower price.
A year ago, the local price of petrol was Rs 113.48 per litre, while crude oil was below 75 dollars per barrel. He said that let’s see how much Ishaq Dar drops the price of petrol, the prices should be reduced by Rs. 25 per liter.
پٹرول کی قیمتوں میں 25 روپے فی لیٹر کمی ہونی چاہیےhttps://t.co/r4ujw3fZTc@MIshaqDar50 @MuzzammilAslam3#Petrol pic.twitter.com/IVg635Qhia
— UrduPoint اردوپوائنٹ (@DailyUrduPoint) November 28, 2022