OGRA recommends reduction of petrol prices

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31 Jan, 2019 10:12 am

ISLAMABAD (92 News) – Oil and Gas Regulatory Authority (OGRA) recommended 50 paisa decrease for high-speed petrol.

As per details garnered, Fuel prices likely to decrease if the Ministry of Finance approves the new summary of the OGRA. The OGRA has recommended a Rs4 decrease in the price of high-speed diesel, 50 paisa decrease for high-speed petrol and Rs2 for kerosene oil.

Meanwhile, the OGRA suggested an increase of Rs1 in the price of light diesel.

The finance ministry will take a decision on the summary after approval from Prime Minister Imran Khan today (on Thursday). The new price will be implemented from February 1, 2019.

Govt reduces petrol prices by Rs 4.86 per litre on New Year’s Eve
On Dec 31, the federal government reduced petroleum prices for January. The government gave the gift to the general public on New Year’s Eve. The prices of petrol and diesel have been reduced by 4.86 and 4.26 rupees per litre respectively.

The prices of kerosene have been decreased by 0.52 while the rate of Light Diesel Oil has been reduced by 2.16 rupees per liter.

The new prices of petrol will be 90.97 rupees per liter, Hi-Speed Diesel 106.68 rupees, Kerosene Oil 82.98 rupees while the price of Light Diesel Oil will be 75.28 rupees per liter.

The petrol prices have been reduced by Rs4.86 per litre, setting the price at Rs90.97 per litre. The new prices will take effect from midnight.

Earlier, the Oil and Gas Regulatory Authority (Ogra) recommended a reduction in the prices of petroleum products by up to 13.5 per cent for the month of January 2019.

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