The Oil and Gas Regulatory Authority (OGRA) recommended up to Rs 13 per liter reduction to the prices of Petroleum Oil and Lubricant (POL) on Wednesday.
The OGRA has recommended to the Petroleum Ministry a reduction of Rs 13 per liter in High Octane Blend Component (HOBC), Rs 1.94 per liter in petrol, Rs 5.62 per litre in High Speed Diesel (HSD), Rs 6 per liter in Light Diesel Oil (LDO) and Rs 6.79 per liter in Kerosene Oil.
In line with the reduction of crude oil price in international market, the OGRA has suggested to the government to reduce local oil prices.
