The oil supply has been finally appearing to be copying and coming in line with the increased oil demand, that is why we have seen the downward trend in the petrol price. But the downward trend will not give any relief to Pakistanis. Now, you can see the details on today petrol price in Pakistan:
The updated information on the petrol price in Pakistan is here mentioned for the readers. According to the recent stats and facts, it is evident by the government of Pakistan that no relief will be given even though global oil prices have been dropped.
The oil supply has been finally appearing to be copying and coming in line with the increased oil demand, that is why we have seen the downward trend in the petrol price. But the downward trend will not give any relief to Pakistanis. Now, you can see the details on today petrol price in Pakistan:
The current stats on the petrol price in Pakistan today
The current petrol price in Pakistan has now been moved to Rs 149.82 per liter right after an increase and hike of Rs 8.03. Prime Minister Imran Khan already warned that the rate and overall petrol price products would witness a rise. Now, the new and today petrol price in Pakistan stands at Rs145.82 per liter, and this notification was given and issued by the finance ministry.
In addition, the price and the current rate of high-speed diesel are increased by Rs8.14 per liter, and its cost will now come out to be Rs142.62 per liter.
Moreover, the price and the present rate of light diesel oil is reaching Rs114.07 per liter, and the rate of kerosene oil is now up to Rs116.53 per liter.
What OGRA has to say about the petrol price in Pakistan today?
The Oil and Gas Regulatory Authority has mentioned that the prices of WTI Crude Oil right there in the global market, it was used to be $80.76 per barrel. In addition, the price of Brent Crude oil was used to be $82.43 per barrel. But now the prices have been constantly getting decreased. The price of Crude Oil is now fallen to $76.10 per barrel, and the Brent Crude oil price is now decreased and reduced to $78.89 per barrel. Below we have written more of the details on price.
What do other ministries have to say about the price today?
Moving to the details on today’s petrol price in Pakistan, the government has not shown any willingness to decrease and bring down the OGRA price in Pakistan. On the other hand, we have seen an immense amount of reduction in global oil prices. It is clarified by the Oil and Gas Regulatory Authority that the citizens of Pakistan should not at all expect any immediate relief in the category of petrol price. Furthermore, OGRA has stated that the US Dollar value is currently higher, and it will take some time to give relief in the niche of oil prices. It is up to December 1, 2021, that the prices will remain the same.
More statements were issued on the petrol price in Pakistan today.
It is even said by the Energy expert Tahir Alam on today’s petrol price in Pakistan that right after the Covid-lockdown, we saw some easiness of prices all around the globe. In the past, disturbances took place in the international oil supply chain. They were caused due to the unavailability of labor and the rising shipping costs. This whole practice increased and amplified the oil prices. All of these constraints have now been easing up, and the price of petrol is now expected to reduce from $65 to $70 on a per-barrel basis.
Conclusion
We hope that the government of Pakistan gives much relief to the citizens of Pakistan. We are waiting for the time when the concerned ministries will make efforts to think about in favor of their people and offer reduced petrol price. So, this is the current information on the petrol price and any other details, and you can let us know.
