Arif Habib Limited (AHL), a brokerage firm in Pakistan, has predicted a substantial decrease in petroleum prices across the country, starting from October 16. AHL estimates a drop of Rs41 per litre for petrol and Rs19 per litre for diesel. This optimistic forecast is attributed to the significant decline in international oil prices over the past week, influenced by factors such as demand concerns, a stronger US dollar, inflationary pressures, and rising supplies. The Finance Ministry had recently lowered petrol prices by Rs8 and diesel prices by Rs11, providing some relief to the public. AHL's forecast is based on the notable 9% to 11% drop in the prices of West Texas Intermediate (WTI) oil, Brent, and Arablight, compared to the last fortnightly average prices. International gasoline (MS) witnessed a substantial 15% decrease, while international prices of High-Speed Diesel (HSD) experienced a 10% dip. The strengthening of the Pakistani rupee against the US dollar also played a rol