Govt likely to cut diesel, petrol prices by Rs7
Although the government has not yet make an announcement regarding the change in POL prices, it is likely to notify the new prices on Friday.
The government is expected to reduce petroleum prices by Rs7 from December 1, Geo News reported on Thursday, citing lower crude oil prices in the International market.
Although the government has not yet make an announcement regarding the change in POL prices, it is likely to notify the new prices on Friday.
The TV channel, however, reported that prices of petrol and diesel would be cut by Rs7.
AFP adds:
One of the world´s major oil contracts, New York´s WTI, slumped under $50 per barrel on Thursday, reaching the lowest level in nearly 14 months.
WTI and Brent North Sea crude, another benchmark contract, have been tumbling for weeks on fears of a supply glut -- despite oil kingpin Saudi Arabia planning an output cut and urging other producer nations to follow suit.
-
Bitcoin crashes below $63K as regulatory pressure and market fears grow -
Bitwise Crypto Industry innovators ETF: What investors should do in 2026? -
Nintendo shares slide again as momentum fears grow -
Gold, silver prices fallen sharply; What’s driving the drop? -
Gold’s record climb: Experts question if its safety is ‘overstated’ -
Dubai unveils plans to construct street built with real gold -
Netflix slams Paramount’s bid: 'Doesn't pass sniff test’ as Warner battle escalates -
Ubisoft: Shares plunge amid restructuring plan and wave of games cancellations