Petrol price likely to remain unchanged in next fortnightly review

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Karachi: The next 15-day review of petroleum product prices will not see any major change in the expectation that diesel and kerosene rates will fall slightly in line with industry Is.

According to The News report published on Thursday، Prices of former refineries and former depots of petroleum products have not fluctuated significantly as global crude oil prices have eased in recent days.

The previous depot price of petrol, which is the most widely used fuel in the country، The current price of Rs. 281.34 is slightly higher than Rs. 0.19 per liter to Rs. 281.53 per liter, industry officials said.

The previous depot price of High Speed Diesel (HSD), which is mainly used for transportation، Work has been done at Rs. 290.47 per liter for the next fortnight as compared to the current price of Rs. 296.71; shows a decrease of Rs. 6.24 per liter.

The previous depot price of kerosene used for cooking and lighting in rural areas was Rs. 202.16 per liter as against the current price of Rs. 204.98 Is, indicates a decrease of Rs. 2.82 per liter.

The previous depot price of light speed diesel, another type of diesel, has been worked on at Rs. 176.18 per liter for the next review as compared to the current price of Rs. 180.45, The report states that a reduction of Rs. 4.27 per liter has been recorded.

According to industry work, the estimated exchange adjustment of petrol is zero while it is 1.80 per liter for HSD.

However، Industry officials said the prices of petroleum products could change with the loss of exchange as the industry suffered a loss of exchange in its work for the next review Do not enter data.

Fuel on a 15-day basis after reviewing the equivalence of the rupee dollar to shift the cost of fluctuations in the international energy market and the impact on domestic consumers Sets prices.

He said global oil prices remained under pressure during November, falling below $ 75 per barrel in mid-November.

WTI was trading on November 29 at $76.5 per barrel, which is about 7% lower than October 29. He added that Brent had fallen 5.4 percent last month, trading at $86.35 per barrel.

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