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OGRA’s recommendation calls for reduction in petrol price

SAMAA | - Posted: May 30, 2017 | Last Updated: 5 years ago
SAMAA |
Posted: May 30, 2017 | Last Updated: 5 years ago

petrol

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Tuesday sent the government its recommendations to reduce the price of petrol by Rs. 2.30/litre and lower the price of high speed diesel by Rs. 3.20/litre. 

The following recommendations were made in a report which was sent to the government by OGRA which dealt with changes in the prices of petroleum products.

According to a statement by a representative of OGRA, the government has been asked to reduce the price of high speed diesel from June 1 to Rs 79/litre from Rs 83/litre.

He also said that OGRA had advised the government to reduce the price of petrol from Rs 73/litre to Rs 71.70/litre.

He also said that as per the recommendations, the price of kerosene oil has been increased by Rs 13.60/litre and the price of light diesel oil has been raised by Rs 9.50/litre.

The final prices would be decided by Prime Minister Nawaz Sharif and they would be announced by the Finance Ministry. The changed prices would come into effect from midnight, June 1, 2017.

 

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