The prices of petroleum products are likely to be decreased by Rs 12 to Rs15 per litre as the Oil and Gas Regulatory Authority (OGRA) has started working on it.
According to the 24News HD TV channel, a reduction in petrol prices in Pakistan is expected following the decline in the prices of crude oil in the global market.
The channel report said that there is a possibility of giving relief to the consumers of petroleum products by reducing the rate of levy imposed on it.
The report said that the price of petrol is likely to decrease by Rs12 per litre and the price of diesel by Rs15 per litre.
The report further said that OGRA will send the final summary to the Finance Ministry on August 13 to fix the new prices of petroleum products.
The New prices of petroleum products will be announced on August 15, sources in OGRA said.
Reporter: Awais Kiyani