OGRA suggests Rs5.26 per litre decrease in price of petrol

Petroleum prices to be slashed in Global Market

Islamabad (Web Desk) : The Oil and Gas Regulatory Authority OGRA has recommended a decrease of Rs5.26 per litre in the price of petrol with effect from April 1.

The regulator has recommended in a summary to the Petroleum Division that the price of petrol be reduced by Rs5.26 per litre (6%), which would bring the rate down from the existing Rs88.07 to Rs82.81 per litre.

Petrol is the primary fuel for vehicles and with the suspension of indigenous gas supply to CNG stations, especially in Punjab, its consumption has gone up.

However, the summary recommended minor increases in the rates of other petroleum products for the month of April.

Consumers of high-speed diesel may face an increase of Rs0.65 (0.7%), which would take its price to Rs99.10 per litre from the existing Rs98.45 per litre.

Similarly, light diesel oil faces a hike of Rs0.55, increasing its per litre price to Rs65.85.

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