Rs 3 cut in petroleum products’ prices likely

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has recommended the reduction of up to Rs 3 in petroleum products for next month, under the monthly adjustment plan, ARY News reported.

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According to summary sent by the Ogra to the Ministry of Petroleum, it is recommended to reduce petrol prices by Rs 2.60 per litre.

The Ogra also proposed reduction of Rs 3 in high octane.

The oil and gas regulatory body has recommended the ministry to effect new rates of petroleum products from October 1.

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