Petrol prices are likely to be reduced further by Rs 2.5 per liter from July 15. According to sources, the price of high speed diesel is likely to remain stable while a rise of Rs 4 per liter in the price of POBC, Rs 2 per liter for kerosene oil and Rs 1.75 for light diesel oil by is expected. OGRA has begun preparations in order to execute this project of modifying fuel prices.