The petroleum products prices are likely to decrease from October 1 amid a significant drop in the international market. According to details, the federal government is expected to announce a significant reduction in petrol prices on September 30, the sources said. They added that the petroleum products prices are likely to decrease by Rs 1 to 3 per litre. The diesel prices may also drop by Rs. 3 per litre as the new prices will be in effect from October 1. The federal government is considering relief after global oil price drop as Brent crude oil prices slashed by US$0.50 to $72.27/barrel. The sources reveal that the Prime Minister’s approval will be sought before announcing the new prices on September 30.

Credit: Independent News Pakistan