Petroleum Prices is likely to Decrease in Pakistan from 15 Feb
Good News! On February 15, fuel prices will drop📉: HSD by Rs 5-7 and Petrol by Rs 2-4, with the new rates set to appear on February 16—based on multiple reports and global market trends.
Current Fuel Rates:
- High Speed Diesel (HSD): PKR 258.43
- Petrol: PKR 252.10
New Rates (Estimated)
- High Speed Diesel (HSD): PKR 253.43
- Petrol: PKR 249.10
Key Details:
- Price Reduction:
- Downsizing of HSD by Rs 5-7 and the petrol by Rs 2-4.
- Effective Date:
- The new rates start on February 16.
- Market Factors:
- Discount price is correlated to increased global oil production and reduced crude price. The primary factor is rationing decisions by the major oil producers, and a downturn in background demand, in a state of uncertainty.
- Reliable Sources:
- Including information from credible sources of market intelligence and data from reputable organizations such as international energy agencies, these updates are based on credible sources of market intelligence and information.
