ISLAMABAD: A reduction in petrol prices of up to Rs35 is expected to be announced by the interim Pakistani government on Sunday (today), in response to falling global oil prices and the strengthening of the local currency against the US dollar.

This potential decrease would result in a petrol price of approximately Rs285 per liter, down from the current rate of Rs323.38.

Similarly, high-speed diesel (HSD) might also see a reduction of around Rs16 per liter, bringing it to Rs30 per liter for the next two weeks. However, the final decision rests with the interim government.

On October 1, Pakistan had previously lowered the petrol price by Rs8 per liter after two months of price increases, establishing it at Rs323.38 per liter.

During the same period, the price of high-speed diesel (HSD) had also decreased by Rs11 per liter, reaching Rs318.18, while Kerosene oil prices were reduced by Rs7.53 per liter, bringing it down to Rs237.28.