Islamabad: It is likely that petrol price per litre lowered down to below Rs 300 in the next fortnightly.
In a review for upcoming fortnightly 15 October to October 31.It is likely that new prices of petrol and diesel will bring down lower than Rs 300.
The decline in the oil prices at the international market and strengthening of rupee are a likely cause of petrol price lowering down below from Rs 300 in a latest review.
Sources said that on a basis of an existing rate of taxes the petrol price can be reduced by Rs 36 or 38. The decrease in oil price is owing to decline of oil prices in the international market which has reduced by 12 percent, from 99 dollars to 87 dollars.
Besides that the valuation of rupee by four percent against the US dollar.
