ISLAMABAD: An decrease in the petrol prices in Pakistan for October 2020 has been recommended by The Oil and Gas Regulatory Authority (OGRA).
According to sources, OGRA has suggested a reduction of Rs. 1.15 per litre in petrol price and a Rs. 2 per litre decrease in diesel price while recommending that the prices of kerosene oil and light speed diesel remain at the same rate.
However, the Oil and Gas Regulatory Authority (OGRA) has also proposed to keep petroleum prices steady while increasing the petroleum levy already imposed on POL products.
OGRA has forwarded the summary of the proposal regarding the reduction in petrol prices in Pakistan for October 2020 to the Ministry of Petroleum.
If the recommendation is approved by Prime Minister Imran Khan, the new petrol prices in Pakistan will take effect from 1st October 2020 and remain in place for the period of 15 days.
It is pertinent to mention that petroleum prices in Pakistan are now being adjusted on a 15 days basis rather than a month as done earlier.