Ogra has recommended Ministry of Petroleum to reduce petrol price by cutting down Rs. 7.6 per litre to provide maximum relief to the public.
The sources said that Ogra forwarded a summary to the ministries of petroleum and finance recommending modification in prices of petroleum products. It recommended that price of petrol per litre should be reduced up to Rs.7.6, kerosine oil up to Rs. 11.88, light diesel up to Rs 9.37.
Besides it, Ogra also said that the price of high-speed diesel would be reduced by Rs. 9.37. There were also reports that the decision was taken amid plummeting oil prices in the international market.
The price of high speed diesel was cut down by Rs27.15 to Rs80.10 while the government approved reduction of Rs15/litre in price of light speed diesel. The price of Kerosene oil was decreased by Rs. 30.01 to Rs47.44.
Petrol price per litre was cut down by Rs. 15 under the previous notification.