Rs15 per liter drop in POL prices likely from October 1

By: News Desk
Published: 10:02 AM, 28 Sep, 2022
Rs15 per liter drop in POL prices likely from October 1
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After considerable drop in the prices of crude oil in the international market, the prices of petroleum products (POL) in the country are likely to come down by up to Rs15 per liter, reported 24NewsHD TV channel on Wednesday. 

According to sources in the petroleum industry, from October 1, 2022, the price of diesel may be reduced by Rs15 per litre while that of petrol by Rs5 per litre.  

The sources further said that cut in the POL prices was certain if petroleum development levy did not increase.

Presently, the prices of crude oil in the international market are lowest in the last eight months; Brent Crude Oil is available at $86.15 per barrel after drop by $4.31 while the price of WTI crude oil is $78.74 per barrel after reduction by $4.75.