Petroleum price likely to decrease in Pakistan

Islamabad: From August 1, there is a possibility of reduction in the prices of petroleum products in the country.

According to sources, the price of petrol is likely to decrease by Rs 3 per liter while the price of diesel may decrease by Rs 8 50 paise per litre. Apart from this, the price of kerosene is expected to decrease by Rs 9-11 paise per litre.

According to the sources of the Ministry of Petroleum Division, due to the cheapness of crude oil globally, there is a possibility of reduction in the prices of petroleum products in Pakistan.

Ogra will send the final summary regarding the prices of petroleum products to the government, the Finance Minister will announce the new prices of petroleum products on July 31 on the instructions of the Prime Minister.

It should be remembered that last month the government had increased the prices of petrol and diesel twice.

Pakistan often experiences significant fluctuations in fuel prices due to various factors, including changes in global oil prices, government policies, and economic conditions. These increases can lead to widespread discontent, as they directly impact the cost of living for many people.

Protesters typically voice their frustrations over the rising cost of fuel, which affects transportation, the price of goods and services, and overall economic stability. Demonstrations can involve a range of activities, from street marches and sit-ins to blocking roads and burning tires.

The government often responds to these protests by offering concessions or adjustments to fuel prices, but the situation can remain tense if the measures are seen as insufficient. In the long term, such protests highlight broader issues related to economic management, inflation, and public welfare in Pakistan.