Hope for a reduction in petroleum product prices is emerging, with sources indicating a potential decrease of Rs5 per liter for petrol and Rs6 per liter for diesel for the next fortnight.

Sources attribute this anticipated price drop to the decline in global crude oil prices.

The global crude oil price has fallen to $84 per barrel, and the Pakistani rupee has maintained stability over the past nine days.

A review of global crude oil prices will be conducted by August 30, with a final summary regarding petroleum product prices to be sent on August 31.

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The Finance Minister will announce the new prices after consultation with the Prime Minister.

Oil prices in Pakistan are annouced every fortnight.