ISLAMABAD: The Oil & Gas Regulatory Authority (OGRA) has recommended decrease in prices of oil products for the month of June.
The OGRA has sent a summary to the Ministry of Finance for revision in oil prices and recommended up to Rs7 per litre drop in the price of petrol and Rs5 in the price of high speed diesel (HSD).
According to the summary, the price of kerosene may be decreased by Rs11.88 per litre while that of light speed diesel (LSD) by Rs9.37 per litre.
If the recommendations are accepted, per litre price of petrol is likely to be Rs74.52, HSD, Rs80.10, LDO, Rs38.14, and kerosene oil, Rs35.56.
On April 30, the federal government made a major reduction in petroleum products’ prices for May. The petrol price was reduced up to Rs15 as the new rate was fixed at Rs81.58 from May 1.
Moreover, Rs27.15 were reduced on high-speed diesel and the new price was set at Rs80.10. The new rate of kerosene oil was fixed at Rs47.44 after Rs30 cut and Rs15 reduced on light diesel to Rs47.51. – TLTP
OGRA proposes cut of Rs7 in petrol, Rs5 in HSD a litre price
