In a relief to the inflation-weary public, the prices of petroleum products are estimated to decrease by up to Rs. 9 per liter starting from June 16, following the budget announcement.
According to sources from oil marketing companies, there is an expected reduction of approximately Rs. 9 per liter in the price of petrol. The prices of high-speed diesel and light-speed diesel are expected to decrease by Rs. 4 per liter, while kerosene oil is anticipated to see a reduction of Rs. 2 per liter.
Sources indicate that the final price estimates will be determined by OGRA based on global prices on June 13 and 14. The new prices will be announced on the night of June 15. The announcement of the reduced petroleum prices will be made after the Prime Minister’s approval, and these changes will be applicable for the next 15 days.
