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Thursday March 28, 2024

Oil prices likely to fall

By Web Desk
May 31, 2017

ISLAMABAD: Oil and Gas Regulatory Authority (Ogra) has forwarded the summary to Ministry of Petroleum for decreasing the prices of petroleum products, Geo News reported.

Ogra has recommended that the price of petrol should be reduced by Rs 2.30 per litre while high speed diesel by Rs 3.20 per litre.

However, Ogra has recommended the increase of Rs 9.50 per liter in the prices of light speed diesel.

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.