Petroleum prices likely to be reduced from Sept

ISLAMABAD: The prices of petroleum products in Pakistan are likely to be reduced as the Petroleum Division on Friday received a summary recommending reduction in the rates.

According to details, the Oil and Gas Regulatory Authority (OGRA) has recommended a decrease in the prices of petroleum products and has sent a summary in this regard to the petroleum division.

According to OGRA’s summary, a decrease of Rs4.59 per litre was recommended in the price of petrol. For diesel, the regulatory authority recommended a decrease of Rs7.67 per litre.

Similarly, the body recommended cutting down the price of light diesel oil by Rs5.63 per litre. The body also suggested slashing the price of kerosene oil by Rs4.27 per litre.

Government will take the final decision in this regard. If approved, the new price will be implemented from 1^st September.