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Pakistan

Government rejects the proposal of OGRA for cut in petroleum prices

OGRA recommends minor cut in petroleum prices | Thenewstribe.com

ISLAMABAD: Federal government on Monday has decided to keep the prices of petroleum products unchanged and rejected the proposed summary of Oil and Gas Regulatory Authority (OGRA) to slash the price by up to Rs5.

According to details, (OGRA) has forwarded a summary seeking decrease in the prices of petroleum products i.e. petrol price by Rs3.0 per litre, high speed diesel by Rs4.10, light diesel by Rs2.50, kerosene oil by Rs3.50 and high octane by Rs4.50 per liter.

The final announcement about petroleum prices is yet to be made.

On the other hand users are of the opinion that prices of petroleum products should at least go down by Rs5 following the the sudden 8 dollar per barrel decline in the price of crud oil in international market.

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