Coronavirus has completely changed the world, where it has swallowed human lives, on the other hand has hurt the economy. Lockdown around the world has disrupted business life. Now the world is slowly returning to normal. This lockdown has affected oil prices. Pakistan has also reduced oil prices two to three times.
Prices in the global market have been falling steadily for some time now due to the decline in oil consumption. The effects of which were also felt in Pakistan and petrol became cheaper by Rs 15 in May. But now once again the price of petrol has gone up by five per cent. There is a possibility of a reduction of up to Rs.
Private TV has claimed, citing its sources that the government once again to the public for petroleum products has decided to give relief by reducing prices. Officials said corona virus in the country because of petroleum products sales After a significant reduction, the price of petrol is likely to fall further by Rs 5 to 10. The prices of petroleum products can be further reduced by Rs 10 per liter while the price of diesel can be reduced by up to Rs 2.
The price of Rs 30 per liter was reduced while the price of light diesel was reduced by Rs 15 per liter. Petrol price was reduced from Rs 96.58 to Rs 81.58 per liter, high speed diesel from Rs 107.25 to Rs 80.10 per liter, kerosene from Rs 77.45 to Rs 47 per liter. Rs 44 paise while the price of light diesel was reduced from Rs 62 51 paise to Rs 47 51 paise per liter.
Extracted from City42 News