ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has proposed a handsome cut in petroleum prices in the context of the downward price flow in the international market.
Reliable sources said the concerned authority had sent a summary to the federal government, recommending a decrease in the prices of petroleum products up to Rs15.
The authority has recommended a reduction in the price of high-speed diesel by Rs10 to Rs15 per liter and petrol by Rs10 to Rs12 per liter while it has proposed a decrease of Rs15 per liter in light-speed diesel price.
OGRA recommendations about Petroleum prices
Despite the mentioned recommendations, economy experts believe that OGRA opts for such recommendations rarely, and most of the time, its recommendations and suggestion are not public-friendly.
The reason sources further said that the regulatory body has also proposed the government keep the prices unchanged to manage the deficit of the budget.
The federal government will announce its decision on petroleum prices today, which will come into effect on April 1 for the next fortnight.
