The federal government of Pakistan is probably going to further lower petrol prices for the next month of November in accordance with the weakening global market and the strengthening local currency.
According to reports, the Oil and Gas Regulatory Authority (OGRA) has begun working on a draft that will lower the cost of petroleum products.
On October 31, the Petroleum Division will make the final decision following discussions with Anwaarul Haq Kakar, the acting prime minister. The revised rates will take effect on November 1.
As a result of a charge on gasoline, the federal government is currently charging Rs 60 per liter and Rs 55 per liter for diesel.
The price of crude oil on the global market has been declining, with the price of British crude falling below $90 per barrel and the price of American crude falling below $84 per barrel.
