OGRA recommends reduction in POL prices

Pakistan

OGRA recommends reduction in POL prices

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OGRA has recommends Rs 4.71 per liter reduction in petrol and Rs 5.64 per liter in diesel prices.

31 May,2012 07:15 am

The Oil and Gas Regulatory Authority (OGRA) recommended reduction to the prices of Petroleum Oil and Lubricant (POL).The OGRA has recommended to the Petroleum Ministry a reduction of Rs 13.24 per liter in High Octane Blend Component (HOBC), Rs 4.71 per liter in petrol, Rs 5.64 per litre in Diesel Rs 6 per liter in Light Diesel Oil (LDO) and Rs 6.88 per liter in Kerosene Oil.In line with the reduction of crude oil price in international market, the OGRA has suggested to the government to reduce local oil prices.