ISLAMABAD: Petroleum prices are likely to be decreased by Rs 4.00 per litre from October.
The Oil and Gas Regulatory Authority (OGRA) has recommended reduction in the petrol prices in its summary to the Ministry of Petroleum, sources said.
As per the sources the prices of petroleum is expected to go down by Rs. 3.30 per litre and the price of high speed diesel is likely to be decreased by Rs. 3.80 per litre.
Moreover, per litre cost of light diesel will be brought down by Rs. 2.10, the price of kerosene is likely to be reduced by Rs. 2.50 and high octane fuel price may be decreased by Rs. 4.00 per litre.
PM Nawaz Sharif will decide the matter of petroleum prices when he gets back from United States.
Last month the federal government decided to keep the prices of petroleum unchanged.