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Reduction in POL prices expected

ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) is likely to slash prices of petroleum goods from the first of May citing sources, ARY News reports.

According to sources, OGRA has prepared a summary regarding the reduction of prices.

Sources said that petrol price is likely to be brought down by Rs. 1.67 per litre whereas the cost of high speed diesel is expected to be slashed down by Rs. 2.21 per litre.

Price of high octane fuel is expected to be reduced by Rs. 7.20 per litre whereas the cost of kerosene is likely to be slashed by Rs. 1.60 per litre, sources said.

However, sources have also said that the cost of light diesel is expected to be hiked by Rs. 2.37 per litre.

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