Business

ISLAMABAD (Web Desk) – Oil and Gas Regulatory Authority (OGRA) has recommended a major cut in the prices of POL products from February.

In its recommendations sent to the Petroleum Ministry, OGRA proposed a cut of Rs 7.56 per liter cut (9.9 per cent) in price of petrol. The price of high-speed diesel (HSD), a fuel used by transportation businesses and farmers, may be slashed by Rs 11 per litre (13.6 per cent). The price of light diesel oil (LDO), an industrial fuel, may be cut down by Rs 8.17 per litre.