Cut in prices of petroleum products likely
OGRA has forwarded a summary to the government to reduce prices of petrol
KARACHI (Dunya News) – Oil users can get a slight relief at the start of next month. After the reduction of petroleum fuels at international market, the government of Pakistan is likely to reduce prices of petroleum products to Rs 5 per liter from November 1.
The decrease in the petroleum at international level is nine dollar per barrel because of which Rs 3.95 reduction on petroleum products can be seen in Pakistan, while chances in the reduction of diesel is Rs 2.77 per liter and HOBC is Rs 5.
The price of kerosene will reduce to Rs 3.60 and Light Diesel Oil will be Rs 3 per liter.
The Oil and Gas Regulatory Authority (OGRA) has sent a final summary to the Government on October 29 for the approval of new prices to be implemented from November.
