Pakistan OGRA proposes cut in POL prices

Posted on April 29, 2009

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has prepared a summary to reduce petrol product price by Rs 3 to Rs 6 per litre. According to sources, OGRA proposed reduction in petrol price by Rs. 3 to Rs.4 per litre and diesel and kerosene oil prices by Rs 5 to Rs 6. OGRA would forward the summary to oil and gas ministry, which after reviewing the recommendations will forward it to finance ministry. Prime minister will give his approval on April 30.