Petrol and other fuel prices in Pakistan are expected to fall for a fourth consecutive time from January 16.   As per details, petrol prices may be reduced by up to Rs4.59 per litre, while high-speed diesel is expected to become cheaper by up to Rs2.70 per litre.  Sources further indicate that kerosene oil could see a reduction of Rs1.82 per litre, whereas light diesel oil may be lowered by up to Rs2.08 per litre.

Officials said the initial working for a downward revision in petroleum product prices has been completed. The Oil and Gas Regulatory Authority is scheduled to forward its price recommendations to the Petroleum Division on 15 January.  Following approval by the prime minister, the Petroleum Division will formally announce the revised petrol prices for consumers in Pakistan.  Earlier, in a New Year relief move, the government announced a reduction in petrol prices. 

Credit: Independent News Pakistan (INP)