ISLAMABAD: The government is likely to decrease prices of petroleum products by Rs11 per litre from February 1 after a massive cut in oil prices in the international market.
The Oil and Gas Regulatory Authority (Ogra) has recommended Rs7.56 per litre reduction in petrol, Rs11 per litre in high-speed diesel (HSD), and Rs8.17 per litre cut in light diesel oil (LDO).
The Ogra has sent the recommendations to the Petroleum Ministry that has proposed comparatively a bigger slash in the prices of petrol, diesel, high-octane blended component (HOBC) and kerosene. The recommendations will be forwarded to the PM office for approval.
