OGRA recommends reduction in petroleum product prices

The Oil and Gas Regulatory Authority (OGRA) has recommended a reduction in petroleum product prices. Cut in petrol price by Rs7.06/litre, kerosene Rs11.88/litre and light diesel oil (LDO) price by Rs9.37/litre for June 2020. The regulatory body has, however, suggested that the price of diesel should remain unchanged. If the government accepts the suggestion of the authority, petrol price will come down from current Rs81.58/litre to Rs74.52/litre.

Kerosene price will come down to Rs35.56/ litre from current Rs47.44/litre and the LDO price will reduce to Rs38.14/litre from current Rs47.51 litre. For diesel, OGRA has recommended a Rs0.05/litre increase to Rs80.15/liter.

Source: Geo