ISLAMABAD (Daily Point) — Owing to the ongoing global decrease in oil prices may soon lead to substantial relief for consumers in Pakistan, with reports suggesting a possible cut of up to Rs13 in petrol prices and Rs15 in diesel prices.

Currently, petrol is priced at Rs281.34, and diesel at Rs289.79. The forthcoming adjustment aims to pass on the benefits of the international decline in oil costs to the local market.

Recent fluctuations in the global market have resulted in a reduction of over $5 per barrel in both petrol and diesel prices. Industry insiders are predicting a significant decrease in the upcoming fortnightly announcement scheduled for December 15. If these forecasts prove accurate, consumers can anticipate lower fuel prices as the government adjusts them to align with the international trend.

Pakistan’s fortnightly adjustment system ensures that consumers regularly experience the effects of global oil price changes. The potential for a double-digit reduction in fuel prices in the upcoming announcement is noteworthy, providing much-needed relief for the general public and various industries dependent on cost-effective transportation.

Experts highlight the crucial role of the rupee’s value against the dollar and international oil prices in influencing fuel prices in Pakistan. With the government closely monitoring these variables, consumers eagerly await the official announcement on December 15 to gauge the extent of relief at gas stations nationwide.