ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has proposed a reduction up to Rs8 to 10 per litre in prices of petroleum products for the next 15 days.
According to details, the Oil and Gas Regulatory Authority (OGRA) has prepared a summary of the prices of petroleum products. Sources said that the regulatory body has prepared three proposals regarding the reduction in PoL prices.
The summary also suggested a reduction in the prices of petroleum products by Rs 8 to 10 per litre.
According to OGRA sources, in case of an increase in levy tax, the prices can be reduced up to Rs4 per litre while in case of doubling of tax, prices will remain unchanged.
Sources said that the prices of petroleum products in the world market stood at $74 per barrel, the prices have come down by 10% as compared to last month.