Prices of crude oil have further reduced in the global market (Photo: File).
Islamabad: A significant decrease in the prices of petroleum products is expected in the country from December 1st. There has been a further decrease in the prices of crude oil in the global market, with the price of Russian oil per barrel falling below $60, a limit was set for Russian oil by the European Union at $60 per barrel, but the price of Russian oil in the market has fallen below the set limit.
On the other hand, in the global market, British Brent deals at $80.58 per barrel with a one percent decrease, while U.S. West Texas Intermediate deals at $75.54 per barrel with a two percent decrease.
With the expected decrease in the prices of crude oil in the global market, there is also a possibility of a significant decrease in the prices of petroleum products in the country.