Petroleum prices likely to reduce by Rs 1.50 per litre

ISLAMABAD : Prices of petroleum products is likely to reduce from 1st of January. OGRA has sent a summary to the petroleum ministry recommending a slash ranging between Rs2 to Rs4 per litre.

Sources told that the summary has been sent the ministry in the wake of falling oil prices of crude oil in international market. The price of crude oil in the international market has dropped to a record low of 34 dollars per in the last one week.

According to the sources, Petroleum prices are expected to reduce by Rs 1.50 per liter, Rs3.70 kerosene oil, Rs3.45 light diesel, Rs2.60 high speed diesel and Rs4 per liter has been proposed by the OGRA.

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