From November 1, the rate of Petroleum Products are Expected to Drop Again.
According to Foreign media, the rate of crude oil has reduce by 5 dollars Per Barrel in the WORLD MARKET, due to which there is a Possibility of a big reduce in the rate of Petroleum Products in PAK from November 1.
The Rate of PETROL is likely to reduce by Rs 15 to Rs 20 Per Liter next month, while the rate of High Speed DIESEL is also expected to reduce by Rs 10 to Rs 16 per liter.
According to sources, light diesel oil and kerosene will also be cheaper from November 1 and in this regard, OGRA has prepared a preliminary draft of petroleum PRODUCT rate.
According to sources, the final summary of rate reduction of Petroleum Products will be sent to the Petroleum Division on October 31.
The summaries will be sent alternately by the Ministry of Petroleum and the Ministry of Finance to the Prime Minister, after which caretaker Prime Minister Anwarul Haq Kakar will decide on the final prices.
It should be noted that on October 16, the RATE of Petrol was Reduced by Rs. 40 Per Liter while Diesel was also Reduced by Rs. 15 per liter.