Costs of petroleum merchandise prone to be slashed by as much as Rs2

The Oil and Gasoline Regulatory Authority (Ogra) has forwarded a abstract to the Petroleum Division searching for revision of gasoline costs for the subsequent fifteen days beginning April 16 (Friday).

Based on the abstract, the regulatory has advisable a Rs2 lower in per litre worth of petrol and diesel.

The Ogra additional advised that petroleum levy be not raised in the interim. The brand new costs of petroleum merchandise are prone to be introduced this night following approval of Prime Minister Imran Khan.

If the abstract is accredited, the brand new worth of petrol might be Rs108.35/litre after the lower whereas that of diesel Rs111.08/litre.

On March 31, Finance Minister Hammad Azhar introduced a Rs1.50 per litre lower within the worth of petrol whereas a Rs3 per litre lower in that of diesel.