OGRA recommends petroleum ministry to slash POL prices

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has sent its summary to the petroleum ministry to slash prices of petroleum, diesel, kerosene oil and other petroleum products by Sept 1, sources told Geo News on Friday.

According to the summary, a copy of which is available with Geo News, OGRA has recommended the ministry to slash the price of petrol by Rs6.14 per litre.

The regulatory body has also recommended a decrease in price of diesel by Rs7.40 per litre, Rs7 per litre for Hi-Octane, and a reduction in price of kerosene oil by Rs7.7 per litre.

If approved by the federal ministry, the prices will be applicable by Sept 1.