Price of petrol likely to decrease by Rs7 per litre

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The prices of the petroleum products are likely to decrease by up to Rs7 per litre in the domestic market in December, as the same has witnessed a sharp decline of 30 per cent in the international market.

According to details, oil has fallen by over 7pc to $50.42 in the US market. Within seven weeks, the price has decreased by over 30pc. Analysts believe that govt would likely give relief to inflation-riddled consumers.

On the other hand, Pakistan’s import bill would also drop significantly after a decrease in oil prices in the international market.