Rs 18 per litre cut in Petrol prices and Rs 33 cut in diesel prices
Shares
The Oil and Gas Regulatory Authority (OGRA) Wednesday send a summary to decrease petroleum product prices to Ministry of Petroleum.
According to the sources, OGRA has recommended a decrease of Rs18 per litre in petrol price and Rs33 per litre in High Speed Diesel price.
The Ministry of Petroleum has forwarded the recommendations to Ministry of Finance for final decision.
Yesterday, Prime Minister Shehbaz Sharif had summoned a summary from the Ministries of Finance and Petroleum to reduce the price of petroleum products after the oil price decreased in the international market.
The PM summoned a summary for a reduction in oil prices while chairing a meeting at the PM Office. “People have made sacrifices they should reap the benefits of this [reduction in oil price],” PM was quoted by Information Minister Marriyum Aurangzeb on Twitter.
