Petroleum prices likely to drop by Rs2.98 per litre

By Muhammad JuniadPublished On 05 Jan 2023

ISLAMABAD: The news of relief for the people devastated by inflation has come out as the prices of petroleum products in the country are likely to decrease today.

According to the details, the oil companies have sent recommendations to Ogra to revise the prices of petroleum products, in which petrol has been proposed to be cheaper by Rs 2.98 per liter.

According to the report, the oil companies in their recommendation recommended increasing the price of diesel by Rs 8.88, kerosene by Rs 16.65, and light diesel by Rs 12.93 per liter.

A summary will be sent to the government by OGRA for changes in the prices of petroleum products, the Prime Minister will give the final approval for the changes in the prices of petroleum products, after which the new prices will be announced. It should be noted that the prices of petroleum products in Pakistan are changed twice a month.