What could be new petrol price from August 16?

Web Desk
August 12, 2022

Price of petrol is likely to decrease by Rs12 and diesel by Rs15 per litre

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A representational image. — AFP/File

ISLAMABAD: The government may announce a massive decline in the prices of petroleum products amid a drop in international oil rates and depreciation in the dollar rate.

According to a Daily Jang report, the Oil and Gas Regulatory Authority (OGRA) has started working on a new summary which is likely to propose a Rs15 drop in POL prices.

The sources said that the government may provide relief to the masses by decreasing the petroleum levy and other taxes.

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They added that the price of petrol is likely to decrease by Rs12 and diesel by Rs15.

Ogra will send a summary to the finance ministry on August 13 for fixing the new prices, after which the new prices will be announced on August 15 following the prime minister’s approval.



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