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Saturday, September 19th, 2020

Decline in POL prices likely – Alfalah Securities Limited

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by August 25, 2011 Brokerage

Karachi: The decline in international petroleum product prices is expected to reflect in the local POL prices to the tune of up to PkR 2 per litre for the month of September.

According to Alfalah Securities, however, the petroleum product prices would be finalized after taking into account average global petroleum prices of the whole month and the inland freight equalization margin (IFEM). In this regard, the diesel price is estimated to drop by PkR 2 per litre, petrol by Re 1 per litre, light diesel oil by PkR 2 per litre, and kerosene oil by PkR 2 per litre. The government has not yet deregulated IFEM, which will result in different prices across the country, contrary to the current uniform rates.

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