declining petroleum prices forecasted what it means for consumersImage credit: Aaliyan Abbas

Declining Petroleum Prices Forecasted: What It Means for Consumers

Starting May 16, petroleum product prices are expected to decrease further, providing relief to consumers. Petrol prices are anticipated to drop by Rs 12 per litre, aligning with a global trend of falling gasoline prices. Globally, gasoline prices have seen a decline of 6.32 dollars per barrel, reaching around $99.93 per barrel. Similarly, diesel prices…

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