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POL prices likely to be reduced from Feb 1

ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) has sent two summaries to Petroleum Ministry for alteration of price in petroleum products on Monday, ARY News reported.

In one summary reduction in petroleum price has been suggested while to maintain the current price has been proposed in the other.

According to sources, OGRA has suggested the decrease of Rs 4.90 in petroleum products from February 1 in one of the summary out of two.

The OGRA has suggested to decrease the price of petrol by Rs1.36 per liter, High Speed Diesel by Rs.2.76 per liter and Light Speed Diesel by Rs. 4.70 per liter while Kerosene Oil by Rs 4.90 per liter.

Experts suggested that reduction is likely to be done this time, as previously two times the prices remained stable.

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