- World oil value dip pushes gas value reduce expectations.
- Excessive-speed diesel value more likely to fall by Rs2.70 per litre.
- Gentle diesel oil (LDO) may even see lower of Rs 2.08 per litre.
ISLAMABAD: Petroleum product costs are anticipated to fall by as much as Rs4.59 per litre from January 16 for the following fortnight, The Information reported on Wednesday.
In line with estimates ready by the federal government and trade sources, petrol might drop by Rs4.59 per litre, high-speed diesel (HSD) by Rs2.70, kerosene by Rs1.82 and light-weight diesel oil (LDO) by Rs2.08 per litre.
The anticipated discount is attributed to fluctuations within the worldwide oil market pushed by geopolitical dangers, provide issues and altering demand dynamics.
Following america’ elevated management over Venezuelan crude oil exports, international oil costs got here below downward stress. Nonetheless, persistent uncertainty has prompted costs to oscillate in each instructions.
Oil market forecasters have largely predicted that costs in 2026 will fall additional than in 2025, when international benchmarks misplaced practically 20% of their worth.
Brent crude is forecast to common under $60 per barrel, whereas West Texas Intermediate (WTI) is predicted to hover round $50 per barrel, with the potential of falling even decrease in the course of the yr.
Based mostly on present projections, the revised costs are anticipated to face at Rs248.58 per litre for petrol, Rs254.38 for HSD, Rs169.06 for kerosene and Rs144.10 per litre for LDO.
Within the earlier value overview, the federal government slashed petrol and high-speed diesel costs by Rs10.28 and Rs8.57 per litre, respectively.
