ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has sent a summary to the Ministry of Petroleum & Natural Resources and the Ministry of Finance for reduction of petroleum, oil & lubricants (POL) prices by at least Rs14 per litre from November 1.
The OGRA has sent the summery to the ministries after declining in oil prices at the international market as prices of crude oil in Gulf market have been slashed by $13 per barrel.
According to the sources, petrol will go down by Rs 9.93/litre, high speed diesel (HSD) Rs7.71/litre, high octane blended component (HOBC) Rs14.83/litre, kerosene oil Rs8.37/litre and light diesel oil (LDO) Rs8.37/litre.
