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Petrol price likely to drop by Rs 5 to Rs 7

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ISLAMABAD: A proposal to reduce the prices of petroleum products has come forward for which OGRA has sent a summary of the prices of petroleum products to the government.

According to the sources, the price of petrol may be reduced by Rs 5 to Rs 7 and the price of diesel is proposed to be reduced by Rs 8 per litre, but the prices of petrol and diesel may also be maintained.

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The price of crude oil in the Brent oil market remained at 77.72 dollars per barrel.

Finance Minister Ogra will consult with the Prime Minister on the 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 applicable after 12 midnight.

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