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Petroleum prices like to reduce by March 1

ISLAMABAD: Petroleum prices are likely to decrease as Oil and Gas Regulatory Authority (OGRA) has prepared the summary for the reduction in petroleum prices which would be sent to Petroleum Ministry on Thursday, ARY News reported.

According to sources, in the summary OGRA has suggested the decrease of Rs.2 per liter for petrol and by 0.50paisa per liter for High Speed Diesel(HSD) while Light Speed Diesel(LSD) and Kerosene Oil are likely to increase by 10 paisa and 50 paisa per liter respectively.

The new prices would be implemented from March 1 after the final announcement of  Petroleum Ministry.



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