The new prices of petroleum products will be announced today.

According to sources, the government’s decision on prices will be taken in the light of the Oil and Gas Regulatory Authority (OGRA) summary.

The prices will be announced after the approval.

As per media reports, talks between the tax policy diagnostic mission of the International Monetary Fund (IMF) and the Energy Ministry to review the initiatives under the Petroleum Development Levy on petroleum products will be held today(Thursday).

The visiting IMF team and petroleum division officials will meet to review the initiatives under the Petroleum Development Levy on petroleum products.

On the other hand, global oil prices have also experienced a substantial decline, offering hope to consumers in Pakistan to witness cuts in petrol and diesel prices as of December 1st.

As of now, the current petrol prices in Pakistan are at Rs. 281.34 per litre, and high-speed diesel (HSD) is priced at Rs. 296 per litre.

It is related to mention that these potential adjustments in fuel prices are subject to the final approval of the Prime Minister, who, after scrutinizing the OGRA’s proposal, will make an official announcement regarding the changes.