OGRA recommends to cut prices of petroleum products

The Oil and Gas Regulatory Authority has proposed a cut in the prices of petroleum products by as much as Rs7.67 per litre. The regulatory authority recommended Rs4.59 per litre reduction in petrol price. It proposed Rs7.67 per litre cut in the price of high speed diesel. Consumers are likely to get a relief of nearly 6% in prices of petroleum products for September 2019 as downtrend in global crude prices. In a summary prepared by the Oil and Gas Regulatory Authority (Ogra), it was recommended that the federal government…