Petrol and diesel prices will remain unchanged until November 15
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| Petrol diesel price |
Caretaker govt decided to keeps petrol, diesel prices unchanged
The caretaker government of Pakistan has declared that until November 15, the rates of petrol and diesel would not change. Additionally, the government has lowered the cost of light speed diesel and kerosene by Rs. 340 and Rs. 382, respectively, per litre.
Prior pricing analysis
The caretaker government announced on 15 October that the rates of petrol and diesel will be reduced by Rs. 40 and Rs. 15, respectively, bringing the total to 28338 and 30318 per litre. This decrease correlated with both the rupee's ongoing strength versus the US dollar and shifts in the global prices of petroleum products.
Recent rupee depreciation
next a record low of 3071 against the US dollar in the interbank market on September 5, the rupee managed to gain almost 11 percent in the next 28 days, thanks to restrictions on exchange companies and a crackdown on smuggling. Nonetheless, over the past two weeks, the local currency has lost more than 1
worldwide oil prices
Tuesday saw a little increase in oil prices globally as expectations that the European Central Bank has most likely completed rising interest rates were bolstered by a decline in inflation in the euro zone, which countered increased production from OPEC. Before they expire at 11:42 am ET/15:42 GMT on December 4, Brent crude futures for December delivery were up 32 cents, or 04, at $8777 per barrel.
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