OGRA recommends major reduction in oil prices for March.

ISLAMABAD -- Oil and Gas Regulatory Authority (OGRA) has submitted a summary to the Petroleum Division recommending major reduction in the prices from March 1. According to sources, the regulatory authority has forwarded a summary to the Petroleum Division suggesting a cut of Rs5.89/ litre in the petrol prices. The summary also recommended to reduce the price of high speed diesel (HSD) by Rs7.23 per litre. New prices will be enforced today midnight, if the summary was approved. Earlier on January 31, the federal government had decided to maintain the prices of...

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