Petrol price could drop by Rs13 per litre if levy remains unchanged

ISLAMABAD: The government is expected to announce a revised petrol price tonight, between 9:00 PM and 11:30 PM, with predictions indicating a notable cut of up to Rs13 per litre.

If implemented, this would mark the fourth consecutive reduction in petrol price, potentially bringing the rate down to approximately Rs246 per litre, unless the government raises the petroleum levy.

The anticipated reduction follows a 7 per cent drop in international petroleum product prices over the past two weeks. Similarly, the price of high-speed diesel (HSD) is expected to see a cut of around Rs11 per litre due to a decline in its global cost.

In the previous fortnight, the government reduced petrol prices by Rs1.86, bringing the rate to Rs259.1 per litre, while the price of HSD was lowered by Rs3.32 to Rs262.75 per litre.

The new prices, expected to be announced around midnight, will remain effective for the rest of the month.

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