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Petroleum prices likely to be slashed by Rs 13 in February

ISLAMABAD: Petroleum prices are likely to be cut by Rs 13 as Arab Light Crude Oil prices reached the lowest mark in 13 years.

Sources in Ministry of Petroleum said on Wednesday that a cut is expected in petrol price by Rs9 per litre, High Speed Diesel by Rs8.74, Light Diesel by Rs8.56, kerosene oil by Rs9.77 and high octane by Rs13 per liter.

In February prices of petroleum products should at least go down by Rs10 following the sudden decline in the price of crude oil in international market to 13-year-low, observers say.

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