Petrol Prices To Go Down By Rs. 10 Per Litre

The Oil and Gas Regulatory Authority (OGRA) has suggested to decrease the prices of petroleum products by Rs10 and has sent the summary to the ministry.

According to reports, OGRA wants petrol price cut by Rs 10.24 per litre, High Speed Diesel (HSD) Rs 6.07 per litre, High Octane Blending Component (HOBC) by Rs 11.75 per litre, kerosene oil Rs 5.26 per litre, and Light Diesel Oil (LDO) rate reduced by Rs 5.02 per litre.

The authorities of Ministry of Petroleum and Natural Resources said that prices of petroleum products are less than $ 95 per barrel in international market, while in Pakistan prices of petroleum products are being charged by $ 120 per barrel.

The OGRA has recommended to the government to decrease the price of petroleum products by Rs10.46.

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