Shehbaz Sharif to Decide on Lahore's Petroleum Prices

Lahore residents can look forward to a significant decrease in the price of petroleum products as Eid-ul-Adha approaches. Over the next 15 days, prices are expected to drop by 9.30 rupees. Starting from June 16, petrol prices are projected to decrease by Rs9.28, while diesel prices are expected to fall by Rs4.02. Additionally, the price of kerosene is likely to decrease by Rs2. This reduction in prices is a result of the recent drop in crude oil prices in the international market, which is set to impact the local market.

According to reports, the Oil and Gas Regulatory Authority (OGRA) will present a summary to the government on June 15 for approval. The final decision on the revised prices of petroleum products will rest with Prime Minister Shehbaz Sharif. In other news, Imran Riaz has been cleared of any involvement in a state property case.

The anticipated decrease in petroleum prices in Lahore ahead of Eid-ul-Adha brings relief to consumers. This drop is a direct result of the recent fluctuations in global crude oil prices. As residents prepare for the festive season, the expected reduction in fuel costs will likely have a positive impact on their budgets and overall economic well-being.