I was just wondering why there is no reduction in prices of lubricants with reduction in oil prices internationally prices are down by almost 55% and i suppose these lubricants are derived from crude oil ?????
You are talking about the reduction in lubricant prices instead the supply of oil has been reduced. Here in Islamabad it took me 1 hour finding petrol and getting it filled. I visited around 10 pumps and only one was selling petrol.
I went to F8, both Caltex and Pso F8 were giving petrol although it would had taken ten minutes to get your car filled.
Shortage of petrol is not a problem. They have to sell the fuel to keep on going with business.
However OP does raise an intriguing question. WHY the price of lubricants is not decreasing, maybe the old stock haven't ran out yet?