OGRA sends summary to Petroleum Division officials, final approval to be given by PM Imran Khan
The good news for the inflation-stricken people is that the prices of petroleum products are likely to fall by Rs. According to details, the Oil and Gas Regulatory Authority (OGRA) has sent a summary of reduction in prices of petroleum products to the Petroleum Division officials.
According to Petroleum Division officials, the Oil and Gas Regulatory Authority (OGRA) has received a summary of changes in the prices of petroleum products for the next 15 days.
With its approval, petroleum products are likely to become cheaper by up to Rs 2 per liter. In its summary, OGRA has suggested not to increase the petroleum levy in view of global crude oil prices.
The summary recommended a reduction in petrol and diesel prices by Rs 2 per liter. After the reduction, the new price of petrol will be Rs 108.35 while the new price of diesel will be Rs 111.08 per liter.
According to officials, the reduction in prices has been proposed for 15 days. The new prices will be announced this evening after the approval of the Prime Minister. It may be recalled that the government had also reduced the prices of petrol and diesel on March 31. The Finance Ministry had announced a reduction in the prices of petroleum products for the next fortnight from April 1. On the recommendation of OGRA, the Finance Ministry reduced the price of diesel by Rs. 3 per liter.
Petrol was reduced by Rs1.55 per liter, light diesel by Rs1.56 per liter and kerosene by Rs55 per liter. After reduction in prices of petroleum products, the new price of petrol was fixed at Rs 110.35 per liter, diesel at Rs 113.8 per liter, light diesel at Rs 79.86 per liter and kerosene at Rs 82.06 per liter. Was gone However, once again a reduction in the prices of petroleum products has been recommended.