Good news for consumers: Petrol, diesel prices expected to drop

Good news for consumers: Petrol, diesel prices expected to drop
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Summary Petrol and diesel prices are expected to be reduced from May 1, petrol price may drop by 1 rupee

ISLAMABAD: (Dunya News) – Change in petroleum prices is expected from May 1, 2015 and the good news for consumers is that petrol and diesel prices may be reduced, reported Dunya News.

According to the sources, petrol price is expected to reduce by 1 rupee while price of high speed diesel is expected to drop by Rs. 2.04 per liter. There are other petroleum products of which the prices are expected to rise. Biggest increase would be in the price of High Octane. Its price is expected to increase by Rs. 7.50.

Moreover, kerosene price will rise by Rs. 1.50 and light diesel price will rise by Rs. 2.40.

The final approval of the prices will be given by finance ministry.