Their are rumours circulating on social media about the increase in the prices of petrol.

However, these rumours are not true, according to reports in the local media. The federal government can reduce the prices of petroleum products, if it wants.

According to details, the prices of both petrol and diesel have dropped significantly in the international market.

Despite the change in global prices, the government may not pass the benefit on to the consumers.

As per details, the government wants to make up for previous losses and to increase taxes on these fuels.

The average price of petrol has dropped by $3 per barrel. Similarly, the price of diesel has also seen a reduction of $7 per barrel.

If the government wants, it can reduce the prices of petroleum products by up to 20 rupees per litre. However, its not likely to happen.