Petroleum prices decrease from Oct 16, its big relief by government after the massive increase of petroleum prices. US dollar lose value against Rupee, in past 3-weeks US Dolllar price go down.
According to the sources that petrol price decrease Rs. 8 per litre while the Diesel price up to Rs. 11 per litre after 16th October. Due to the fall in International market petroleum prices decreased.
In the Gulf Market crude oil prices go down to $92 per barrel while in the global market prices stand at $84. If current barrel prices convert from USD to PKR the price will be Rs. 26,220 per barrel.