Big reduction likely in prices of petroleum products

The prices of petroleum products are expected to come down from mid-February, the industry has sent working on petroleum products to Ogra.
The reduction in prices will be in proportion to the prices of crude oil in the global market.

According to the working sent by the industry, the price of high speed deal is likely to be reduced by Rs9.11 and the price of petrol is likely to be reduced by Rs2.5 per litre.

Similarly, kerosene can be cheaper by Rs3.45 and light diesel by Rs5.60.

OGRA will send the final working to the government on February 15 in proportion to the global market.

Prime Minister Shahbaz Sharif will give final approval regarding petroleum prices.

Finance Ministry to issue price notification for next 15 days