There has been a big drop in oil prices in the international market.
A Big Drop in Oil Prices:
In the global market, the price of US crude oil fell by 3.65%, with oil being sold at $74.18 per barrel.
A 3.43% decrease in the price of British crude oil was recorded, and the price of British crude oil per barrel reached 78.28 dollars.
According to international media, the price of British oil has fallen below 80 dollars for the first time since February, the drop in oil prices in the world market is likely to reduce the prices of petroleum products.
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On the other hand, the Oil and Gas Regulatory Authority in Pakistan has reduced the price of an 11.8 kg cylinder of LPG gas by Rs 45.62 from June 1, 2024.
The prices of petroleum products have also been reduced on June 1, the price of petrol per liter has been reduced by Rs 4.74 while the price of high-speed diesel has been reduced by Rs 3.86.
After the reduction, petrol is selling at Rs 268 36 paise per liter while high-speed diesel is being sold at Rs 270 22 paise per liter. Rs 61 paise has become.
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On June 1, the price of light diesel decreased by 3 rupees 88 paise per liter, thus the new price of light diesel per liter has been fixed at 157 rupees 29 paise.