ISLAMABAD: The petrol price is estimated to decline by about Rs9-10 per litre on Jan 15 for the next fortnight due to a combination of lower international prices, exchange rate gains and a decline in premium.
High-speed diesel (HSD) is also expected to be cheaper by around Rs2 per litre.
Informed sources said the prices of all petroleum products had declined in the international market over the past fortnight and the rupee had also gained against the US dollar while the premium on procurement of petrol had also come down.
The officials said the price of petrol had come down by more than a dollar from $84.50 to $83 per barrel over the last two weeks while HSD had become cheaper by about $1.10 per barrel from $97 to $95.85. The rupee on the other hand also gained against the dollar to Rs280.40 on Friday from about Rs283 in the last week of December.