Sunday, May 16, 2021

Petrol prices likely to decrease from November

The Oil and Gas Regulatory Authority (OGRA) on Saturday recommended a Rs 2 drop in gasoline prices for the month of November.

OGRA sent a summary of the reduction in the prices of petroleum products to the government.

According to the summary, the OGRA recommended a reduction of Rs 1.50 in the price of a liter of gasoline and Rs2 in the price of high speed diesel (HSD). The Ministry of Finance will announce new fuel prices for November after the approval of Prime Minister Imran Khan.

However, authorities said the government could keep gasoline prices unchanged by increasing the tax on petroleum.

On September 30, the government reduced the price of high-speed diesel by 2.40 rupees per liter and kept the price of gasoline and other petroleum products unchanged for a fortnight from October 1.

Later, on October 15, the government decided to keep fuel prices unchanged for the remainder of the month.

Avital Andrews
Avital Andrews from Miami, FL is a technical, business writer as well as a journalist who writes for different authority websites online to provide researched and stats based content to provide authentic information to the users around the world. 😐

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