Petrol price likely to be cut by Rs15 per litre

The price of petrol in Pakistan is likely to be reduced by Rs15 per litre due to the decrease in the prices of petroleum products in the global market.

According to sources, due to low oil prices in the global market, the government is likely to reduce the prices of petroleum products for the next 15 days at the local level.

They added the price of petrol is likely to be reduced by Rs 15 per liter and diesel by Rs11 per litre.

OGRA will prepare its recommendations regarding the reduction in the prices of petroleum products, which will be decided by the prime minister and then a notification will be issued by the Ministry of Finance.