OGRA proposes up to Rs3.23 per litre cut in POL prices.

ISLAMABAD -- The Oil and Gas Regulatory Authority (OGRA) has proposed a cut in the prices of petroleum products by up to Rs3.23 under the monthly fuel price adjustment mechanism. The authority has recommended that the prices of petrol may be reduced by Rs2.55 per litre and high-speed diesel (HSD) by Rs3.23 per litre. It has also recommended Rs2.55 per litre reduction in the price of light diesel oil (LDO). However, OGRA suggested Rs1.19 per litre hike in the price of kerosene oil. OGRA has forwarded a summary to the Petroleum Division in this regard. If the government accepts the recommendation, the price of petrol would go down from the existing...