Petrol prices in Pakistan are expected to decrease by Rs 30 to 60 per litre following a fall in international oil rates, triggered by the ceasefire between Iran and the United States.
According to media reports, the Prime Minister of Pakistan, Mian Muhammad Shehbaz Sharif, has issued special instructions to ensure that the benefits of lower global oil prices reach the public.
“The finance and petroleum ministries have started considering over reduction in fuel prices,” reports said.
Authorities are closely monitoring crude oil prices for the next two days before finalizing any changes, reports added.
The global petroleum market saw a 16 percent drop in prices after the ceasefire announcement.
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