Ogra recommends Rs 5 cut in petrol prices
- By Web Desk -
- Mar 30, 2018
ISLAMABAD: Oil & Gas Regulatory Authority (OGRA) has submitted a summary to the petroleum division recommending that the petrol prices should be decreased by at least Rs 5 per liter starting from April 1st.
According to Ogra sources, the gas regulatory authority has forwarded a summary to the petroleum division suggesting a cut of at least five rupees in the oil prices.
The summary also refers to other petroleum products whose prices should be raised under monthly readjustment formula. It is recommended that the rate of light diesel be raised by 55 paisa per liter, kerosene oil 13 paisa per liter and diesel price proposed to be increased by 65 paisa per liter.
Ogra has submitted details of the proposed summary to the petroleum division and subsequently the decision over new prices will be taken after approval of the prime minister.
In March, the price of petrol was increased by Rs3.56 per litre, taking it to Rs88.07 from previous Rs84.51.
The price of diesel (HSD) was increased by Rs2.62 per litre, and it stood at Rs98.45 in March as compared to earlier price of Rs95.83 per litre. Light Diesel Oil (LDO) had been increased by one rupee to Rs65.30 per litre.
While superior kerosene oil witnessed an exorbitant increase of Rs6.28 per litre with it price standing at Rs76.46 from earlier Rs70.18 per litre.