OGRA recommends cut in petrol, diesel prices
The authority has suggested decrease of Rs 2.90 in per liter price of Light Diesel Oil , Rs 2.40 in High Speed Diesel , Rs...
ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) Friday forwarded a price-revision summary to the Petroleum Division to determine rates of petroleum products for the month of December.
As per the summary, the authority has suggested decrease of Rs 2.90 (3.4 percent) in per liter price of Light Diesel Oil (LDO), Rs 2.40 (1.9 percent) in High Speed Diesel (HSD), Rs 0.25 (0.2 percent) in Motor Spirit Petrol and Rs 0.83 (0.9 percent) in Kerosene oil, official sources privy to petroleum sector developments told APP.
The authority has recommended reducing LDO per liter price from Rs 85.33 to Rs 82.43, HSD from Rs 127.41 to Rs 125.01, MS Petrol from Rs 114.24 to Rs 113.99 and Kerosene oil from Rs 97.18 to 96.35.
However, the finance ministry will formally notify the revised prices after final approval on November 30, which would be effective from December 1, 2019.