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Petroleum prices likely to be slashed by Rs 7.05/litre

Latest Update: August 28, 2015 | 202 Views

ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) on Friday has recommended the Finance Ministry to cut petroleum products’ prices by at least Rs 7.5 per litre starting from September 1.

The department dispatched a summary regarding petroleum products’ prices to the Finance Ministry.

The summary recommends a price cut of at least Rs 6.15 in petrol prices from the start of September. Petrol s current price is Rs 76.76 per litre.

The recommended price cut will result in price Rs 70.61 per litre.

High seed diesel price is recommended to be reduced by Rs 7.50 while light speed diesel s by Rs 6.50 per litre.

The ministry has also been asked to reduce prices of kerosene oil and high octane by Rs 7.10 per litre and Rs 7.20 per litre.

The recommendation has come in after oil prices decreased in the international market.


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