Petrol prices in Pakistan are expected to see a notable decrease starting December 1st due to a continued drop in global crude oil prices.
The cost per barrel of Russian oil has fallen below $60, and the European Union has set a limit of $60 per barrel for Russian oil, which is now even lower in the market.
In the global market, British Brent crude oil is currently trading at $80.58 per barrel, showing a one percent reduction, while American West Texas Intermediate is at $75.54 per barrel, reflecting a two percent decrease.
With the decline in global crude oil prices, a substantial reduction in the prices of petroleum products is anticipated in Pakistan.