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Petroleum prices likely to decrease by Rs8/liter by Jan 2015

Petroleum prices likely to decrease by Rs8/liter by Jan 2015

ISLAMABAD: The Prices of Petroleum products in Pakistan are expected to decrease up to 8 rupees due to sharp fall in international oil prices.
According to Oil and Gas Regularity Authority (OGRA) price of crude oil has decreased to $57.81 per barrel in international market and further decrease is expected.
The new prices are expected to be applicable after 1st January 2015.It is pertinent to mention that price of oil in international market has fallen at the lowest level of last five years.