| GEO Business|
| OGRA to decide POL prices|
| Updated at: 1437 PST, Monday, November 16, 2009|
KARCHI: The government has empowered Oil and Gas Regulatory Authority (OGRA) to decide petroleum product prices in future.
According to officials, the decision has been taken to transfer benefit of increase or decrease in prices directly to public in future according to set formula.
In a letter sent to chairman OGRA by DG oil Sabir Hussain, OGRA will decide the prices which will be implemented from December 1 and no summary will be send to any ministry or prime minister in this connection. However, OGRA could send the summary to petroleum ministry to keep update information. The petroleum minister played a key role in the decision whereas some circles in petroleum ministry expressed reservations over the decision.