The Oil and Gas Regulatory Authority (OGRA) Wednesday send a summary todecrease petroleum product prices to Ministry of Petroleum.
According to the sources, OGRA has recommended a decrease of Rs18 per litrein petrol price and Rs33 per litre in High Speed Diesel price.
The Ministry of Petroleum has forwarded the recommendations to Ministry ofFinance for final decision.
Yesterday, Prime Minister Shehbaz Sharif had summoned a summary from theMinistries of Finance and Petroleum to reduce the price of petroleumproducts after the oil price decreased in the international market.
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The PM summoned a summary for a reduction in oil prices while chairing ameeting at the PM Office. “People have made sacrifices they should reap thebenefits of this [reduction in oil price],” PM was quoted by InformationMinister Marriyum Aurangzeb on Twitter.
