Petroleum prices may be slashed further

ISLAMABAD: The prices of petroleum products for the next fortnight are likely go down by up to Rs3/litre from July 16, Geo News reported.

According to sources in the Oil & Gas Regulatory Authority (OGRA), the price of petrol may fall by Rs2.50/litre while diesel and kerosene oil could come down by Rs0.50 and Rs1.50 per litre respectively.

Also a slash of Rs3/litre is also expected in the price of high-octane.

It is pertinent to mention that the government had already reduced POL prices for this fortnight of July by up to Rs5.2/litre.