| GEO Business|
| Summary for cut in PoL prices sent to ministry|
| Updated at: 0223 PST, Friday, July 31, 2009|
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has dispatched to ministry for petroleum and natural resources a summary recommending Rs.2.37 per liter cut in petroleum prices here on Thursday, Geo news has learnt.
OGRA sources told Geo news the summary proposed Rs.2.37 per liter slash in petroleum prices meanwhile, another summary recommending Rs.2 per liter cut in Kerosene oil and Rs.0.14 per liter slash in Light diesel has been prepared which will be forwarded to ministry shortly.
The applicability of new prices will not require endorsement from Prime Minister Gilani, sources added concluding that new PoL prices will be applied from August 1st and onwards.