Pakistan, Jan. 13 -- Petrol and other petroleum product prices in Pakistan are expected to decline for the fourth consecutive fortnight from January 16, according to local media reports citing official sources on Tuesday.

Read More: Petrol price slashed by Rs 10.28, diesel by Rs 8.57 for next fortnight

Preliminary calculations indicate that petrol prices may be reduced by up to Rs4.59 per litre, while high-speed diesel could see a cut of up to Rs2.70 per litre. Kerosene oil is projected to fall by Rs1.82 per litre, and light diesel oil may decrease by around Rs2.08 per litre if the proposed adjustments are approved.

Officials familiar with the matter said the initial working for a downward revision in petroleum rates has been completed...