ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has recommended a reduction in the fuel prices, with a proposal of a Rs2.55-a-litre cut in petrol, a summary sent to the Petroleum Division on Friday said.
Sources told The News that the OGRA recommended the per-litre prices of petrol, diesel, and light diesel oil to be reduced by Rs2.55, Rs3.23, and Rs2.41, respectively.
The OGRA, however, recommended that the price of kerosene oil be hiked up Rs1.19 per litre.
The revision in petroleum prices is expected to come into effect October 1, 2019.
Gross domestic output in fifth-biggest economy slows to 5.4% in third quarter
KSE-100 index secures 1,274.55 points or 1.27% to close at 101,357.32 points
Inflow to help boost country's import cover and stabilise currency
Designated banks' branches will remain open on Nov 20 and Dec 1 to facilitate pilgrims
Analysts sceptical Trump’s tariffs will pass, citing inflation risks for US consumers
Experts credit PSX's record high to IMF adherence, strong macroeconomic fundamentals
