Finally, some good news from the international market! Global crude oil prices have taken a dip. But the big question on everyone's mind is: will the government pass this relief to the public?
Global Trends
Oil prices have dropped due to weak demand in China and increased supply from non-OPEC countries. Brent crude is trading lower than expected, which is a positive sign for importing countries like Pakistan.
Expected Impact
Analysts predict a potential drop of Rs. 4 to Rs. 5 per liter in petrol prices for the next fortnight. This would be a welcome relief for commuters and businesses alike.
The Catch
However, the government might decide to keep the prices stable to collect more revenue through the Petroleum Levy. It all depends on the Ministry of Finance's decision on January 15th.
Conclusion
Fingers crossed for a price cut. Every rupee counts in these tough economic times.
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