Islamabad (Agencies): The Oil and Gas Regulatory Authority (OGRA) has recommended to the government to reduce petroleum prices by up to Rs44 per litre for May 2020.
The regulatory body has suggested that the price of diesel may be reduced by Rs33.94 per litre (or 31.6%), petrol by Rs20.68/ litre (21.4%), kerosene oil by Rs44.07/ litre (56.9%) and light diesel oil (LDO) by Rs24.57/ litre (39.3%).
If the government accepts the suggestion of the Authority, petrol price will come down from current Rs96.58/ litre to Rs75.9/ litre and diesel price will reduce to Rs73.31/ litre from current Rs107.25/litre.
The LDO price will come down to Rs37.94/ litre from current Rs62.51/ litre and kerosene price will come down to Rs33.38/ litre from current Rs77.45/litre.