Expectations are growing that petroleum product prices in Pakistan could fall by more than 100 Pakistani rupees per litre, given the continued decline in global oil prices following the agreement reached between the United States and Iran, and the accompanying expectations of the reopening of the Strait of Hormuz and the resumption of Iranian oil exports. Media reports indicate that crude oil prices continued to fall in global markets, with US crude dropping to around $76 per barrel and Brent crude falling to $79, amid expectations that Iran will be allowed to resume selling its oil under the agreement with Washington. Prime Minister Shahbaz Sharif had previously affirmed that the government would work to alleviate the burden on citizens as soon as the global economic situation stabilises. Minister of State for Law and Justice, Attorney Aqeel Malik, also expressed hope that the US-Iran agreement would lead to a significant decrease in fuel prices within the country, indicating that gasoline prices could fall by more than 100 Pakistani rupees, and perhaps even reach 150 Pakistani rupees per litre, based on global market trends.
اشترك لتصلك أبرز التغطيات والقصص الحصرية من فريق الأسطل مباشرةً إلى بريدك.