Petrol prices to be slashed, other products may go up


Despite passage of a resolution in the National Assembly regarding reviewing POL prices on monthly basis, Ogra and oil marketing companies, on the directives of the petroleum ministry, have forwarded a summary to amend the prices from October 15, DawnNews reported on Saturday. According to sources, price of petrol was recommended to be reduced by Rs 2.09 in the summary. Whereas prices of other petroleum products were advised to be increased by up to Rs 3.10.
Summary suggested price increase in High speed diesel by Rs 3.10, kerosene oil by Rs 1.92, light diesel by Rs 1.23 and high octane by Rs 3.00.
Moreover, with lowering of petrol price, prices of CNG are subsequently expected to be reduced by Rs 1.75 also. The petroleum and the finance ministries will take the final decision regarding price change after mutual consultations.