Categories: Latest News

Petrol prices likely to go up in Pakistan despite global oil price drop

Petrol prices are likely to go up in Pakistan despite the global oil price drop!

As being reported, a summary for new petroleum product prices for the first fifteen days of December 2021, is likely to be moved today.

Oil was at $86 per barrel last month when the government increased the prices of petrol and diesel.

Oil prices in the international market have dropped significantly by almost $10 a barrel.

Brent traded at $72.72 and WTI at $68.15.

The price of WTI Crude Oil in the global market was $80.76 per barrel while the price of Brent Crude oil was $82.43 per barrel last Wednesday.

Related Post

Since then, the prices have continuously decreased.

In wake of the international market prices,  Pakistani consumers expect that the recent drop in the world oil will be reflected in the petrol pump prices.

However, the government plans to increase the petroleum development levy (PDL) and as well has pledged an increase in the petrol dealers’ margin.

Sources suggest there is a possibility that fuel prices could go up in Pakistan instead of decreasing.

Prime Minister Imran Khan had decided not to increase the prices of petroleum products, on Nov 15.


Recent Posts

  • Celebrity News

Nadia Khan deletes video in response to Sharmila Faruqi’s cybercrime threat

Nadia Khan deletes the video clip in response to Sharmila Faruqi’s cybercrime threat! Faruqui had…

1 hour ago
  • Latest News

3 killed, scores injured in a blast near Lohari Gate in Lahore

At least 3 people were killed and at 20 were injured in a blast near…

3 hours ago
  • Drama Reviews

Berukhi Episode-19 Review: Sabeen’s condition is out of danger

ARY Digital's drama serial Berukhi is now 19 episodes down. The story is getting intense.…

3 hours ago
  • Latest News

Rana Shamim ex-GB judge indicted in affidavit case

Rana Shamim ex-GB judge has been indicted in an affidavit case on Thursday. The Islamabad…

4 hours ago
  • Celebrity News

Aima Baig’s bank accounts frozen by FBR over unpaid taxes

Aima Baig's bank accounts have been frozen by FBR over unpaid taxes! According to the…

5 hours ago
  • Music

Umarkot singer accuses Xulfi of plagiarising Coke Studio’s ‘Tu Jhoom’ melody

A singer named Nirmala Maghani from Umarkot has accused Xulfi of plagiarising Coke Studio 14’s…

6 hours ago