Oil Industry Faces PKR 104 Billion Loss After Fuel Price Cut
A recent cut in fuel prices has reportedly resulted in a loss of PKR 104 billion to Pakistan’s oil industry, according to available information.
The loss follows recent fluctuations in the prices of petroleum products in the country.
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The government has announced a reduction in fuel prices, according to reports on Friday, June 26. Some reports suggest the price of petrol could drop to Rs. 250 per litre, following a promise made by the Prime Minister.
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