Ogra recommends Rs2 per litre reduction in petrol price

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has suggested the government to reduce the prices of petroleum products for September 2018.

The regulatory authority has suggested that prices of petrol may be reduced by Rs2 per litre, diesel by Rs6, kerosene by Re0.30 and light diesel oil (LDO) by Re0.70 per litre for the next month.

Ogra has forwarded a summary to the Ministry of Energy, Petroleum Division, that recommended revision in oil prices. If the government accepts this recommendation, then petrol price would go down from the existing Rs95.24/litre to 93.24 a litre, LDO price will go down from existing Rs80.91 to Rs80.21 per litre, HSD price will come down to Rs106.94 per litre from the existing Rs112.94 a litre and kerosene price will be reduced to Rs75.37 from the existing price of Rs75.07 per litre. The government will take the final decision on the Ogra’s recommendation today (Friday).