Motor Spirit (MS) petrol and High-Speed Diesel (HSD) prices could fall by Rs. 9.16/ litre and Rs. 9.96/litre due to lower international oil prices and decreasing spreads, effective 1st January 26.
According to Arif Habib Limited (AHL), the decline in ex-refinery prices is likely to be used to raise OMC margins by Rs. 0.61/litre in the coming fortnight.
In the previous fortnight, the federal government on Sunday announced a small reduction.
The price of MS was cut by Rs. 2.00 per litre to Rs. 263.45, while the price of HSD was reduced by Rs. 4.79 per litre to Rs. 279.65.
Get the latest business news, market insights, and economic updates wherever you prefer.
Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.