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OGRA suggests decrease in POL prices

June 14, 2012 - Updated 1152 PKT
From Web Edition

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Wednesday suggested to decrease the prices of petroleum products by Rs10 and has sent the summary to the ministry Thursday, Geo News reported.


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.


The summary has also suggested reducing the price of diesel by Rs6.08, kerosene oil 5.26, HOBC Rs11.75 and light diesel by Rs5.02 per litre.


It is worth mentioning here that the government would announce the new price of petroleum products by tomorrow (Friday).

Reader Comments
It is an election stunt as there has not been a decline in the oil prices and Rupee reaching Rs 100 to the US$. The people should be wary of such gimmicks as it will only mean price rise will be three folds to cover for the deficit. It is the job of the politicians to keep the people informed to such gimmicks that will result in super inflation many folds soon after elections if the present Government is re-elected.

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