ISLAMABAD (Staff Report) – Federal government has decided to keep the prices of petroleum products unchanged, reject the proposed summary of OGRA to slash the price by up to Rs5, said media reports on Monday.
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The Oil and Gas Regulatory Authority (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.
Meanwhile observes say 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.