POL prices to be reduced from July

OGRA has sent a summary of reduced oil prices to the government for approval that may reduce oil prices by 2 to 5 per cent.

KARACHI: The Oil and Gas Regulatory Authority (OGRA) has sent a summary of reduced oil prices to the government for approval.

Under the new plan, oil prices may be reduced by 2 to 5 per cent from July 1.

A reduction in international crude prices is what triggered a revision of fuel prices in the domestic market.

Price of gasoline is expected to fall by Rs3 per litre while that of diesel may see a reduction of Rs2 per litre.