Global oil prices fall; petrol, diesel cheaper in Pakistan

At a glance

Global oil prices fall, with WTI dropping to $76.09 a barrel.
Petrol price in Pakistan reduced by Rs 3.49 to Rs 328.56 per litre.
High-speed diesel price cut by Rs 4.60 to Rs 326.88 per litre.

Story so far

Global oil benchmarks have seen a significant drop, with reports linking the decline to hopes for the reopening of the Strait of Hormuz. Following the international trend, Pakistan has reduced domestic fuel prices for two days in a row. The new price for petrol is Rs 328.56 per litre, and high-speed diesel is now Rs 326.88 per litre.

Latest development

Global crude oil prices have fallen, reportedly on hopes of the Strait of Hormuz reopening. In Pakistan, the prices of petrol and high-speed diesel have been reduced for the second consecutive day under the daily pricing mechanism.

Sources and updates

Samaa TV - Youtube

Aalami Mandi Mein Kham Tail Ki Qeematon Mein Mazeed Kami | SAMAA TV

Such News - Youtube