Price of petrol may drop by Rs8.27 per litre, HSD Rs6.96

ISLAMABAD: The prices of petroleum products are expected to be revised down from April 16 for the next fortnight, mainly due to a seven per cent slump in international oil prices amid Trump-imposed tariffs, with petrol price likely to be slashed by Rs.8.27 per litre and high speed diesel (HSD) by Rs 6.96 per litre.

According to the working, petrol price may dwindle by Rs8.27 per litre, settling at Rs246.36 per litre from existing Rs254.63. Likewise, HSD price is likely to be cut by Rs 6.96 per litre to Rs251.68 per litre from existing Rs258.64. While kerosene oil price is also expected to go down by Rs7.47 per litre to Rs161.91 from Rs169.38.

Light Diesel Oil (LDO) is also likely to be reduced by Rs7.21 per litre. The new price will be Rs145.83 per litre as against existing Rs153.04. The new prices of POL products have been worked out on current government taxes and petroleum development levy.