How much reduction in petroleum prices is being made in Pakistan?
ISLAMABAD - The Oil and Gas Regulatory Authority (OGRA) has forwarded a summary to the Petroleum Division to revise prices of POL products for the month of February.
"A summary has been sent to the Petroleum Division for onward submission to the quarters concerned to decide the POL product rates," an official source told APP.
As per the summary, the authority has suggested reducing the price of High Speed Diesel by Rs 4 per liter; Petrol Rs 0.52 per liter and Kerosene oil Rs 1.92 per liter, while Rs 1 increase has been suggested in per liter rate of Light Diesel Oil.
The finance ministry will notify the revised prices after final approval on January 31, which would be effective from February 1.