POL prices likely to slash next month

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ISLAMABAD: The government is expected to cut prices of petroleum products from September 1.

According to sources, Oil and Gas Regulatory Authority (OGRA) has suggested the decrease of Rs 2.60 per liter for Petrol in proposed summary.

Furthermore, High Speed Diesel is expected to reduce by Rs. 3.46 per liter, Kerosene Oil by Rs 2.80 per liter, HOBC Rs 4.35 per liter. According to the summary, the downward revision of Petroleum, Oil, & Lubricants (POL) prices has been suggested following decline in international market prices.