OGRA partially cuts back increase in Fuel prices

OGRAISLAMABAD: Oil and Gas Regulatory Authority (OGRA) has made a reduction in the recent increase in prices of petroleum products through a notification issued tonight.

According to the notification, the price of petrol has been decreased by Rs2.32 per litre to Rs103.36. Earlier, the rate of petrol had been increased by Rs8.02 to Rs105.08. Therefore, the partial cut back leaves the total increase in petrol price to Rs5.70 per litre.

The price of diesel has been slashed by Rs1.16 per litre to Rs107. After the earlier increase of Rs4.70 the price of diesel had jumped to Rs108.10 per litre. With the reduction of Rs1.16, the total increase in the rate of diesel has now shrunk to Rs3.54 per litre.

The earlier increase in price of Kerosene oil has also been reduced by Rs1.74 per lire to Rs3.55, making its per litre price Rs99.95. Earlier, Kerosene oil had been made expensive by Rs5.29 to Rs101.69.

The revised prices have been made applicable from 12:00 AM, April 4.

Earlier today, the Ministry of Finance approved the decrease in prices of petroleum products following a country-wide condemnation of the staggering rise made in POL and CNG prices on April 1.


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