Petroleum prices likely to cut by Rs8

Islamabad: The Oil and Gas Regulatory Authority (OGRA) Sunday sent a summary to government to slash the prices of petroleum products, GNN reported.

According to details, diesel price is likely to decrease by Rs8, while price of per liter petrol will may be reduced by Rs5 to Rs7.

The summary also said that the petroleum prices are also likely to remain same with no changes.

Sources said that oil prices have reduced in international market. The price of crude oil has maintain from $72 to $77 per barrel. This would impact the local market also.

Today federal finance minister Ishaq Dar would consult with Prime Minister Muhammad Shehbaz Sharif in this regard and the new price of petroleum products for next fortnight will be announced at 12:00am.