ISLAMABAD: There is a possibility of a reduction in the prices of petroleum products, according to the summary of Ogra, the price of petrol can be reduced by 5 to 10 rupees. According to Express News, OGRA has sent a summary to the government for determining the prices of petroleum products for the next 15 days, in which it is recommended to reduce the prices.
According to sources, Ogra's summary has suggested a reduction in petrol price by Rs 5 to Rs 10 per liter and diesel price by Rs 10 per litre. On the other hand, sources also say that the prices of petrol and diesel may also be maintained. In the last 14 days, the price of crude oil in the Brent oil market has been as high as $76.95 per barrel, the prices of petroleum products have also been reduced for the last one and a half months. Sources say that the Finance Minister will consult with the Prime Minister on OGRA recommendations, the final decision regarding the prices of petroleum products will be taken today. For the next 15 days, the new prices of petroleum products will be applied after 12 midnight. According to sources in the Ministry of Petroleum, crude oil from Russia has reached Pakistan, but the prices will not be affected yet, the effect of Russian oil will be in the coming days when the supply of Russian crude oil becomes continuous.