Petrol prices likely to be decreased next month

ISLAMABAD: Prices of petroleum goods are likely to be slashed by Rs4.00 per litre starting next month. The Oil and Gas Regulatory Authority (OGRA) has recommended reduction in the petrol prices in its summary to the Ministry of Petroleum, sources said.

According to sources per litre cost of petroleum is likely to reduce by Rs3.30 per litre whereas the price of high speed diesel is expected to be brought down by Rs3.80 per litre. Moreover, per litre cost of light diesel will be slashed by Rs2.10, the price of kerosene is likely to be reduced by Rs2.50 and the rate of the high octane fuel may be slashed by Rs4.00 per litre. PM Nawaz Sharif will decide the matter on his return from the United States.