ISLAMABAD: The Petrol Prices in Pakistan are expected to reduce from 1 September 2021 as per the bi-monthly recommendation summary submitted by the Oil and Gas Regulatory Authority (OGRA) to the Petroleum Division.
The Oil and Gas Regulatory Authority (OGRA) has recommended a reduction of Rs. 3 per litre in the petrol price and reduction of Rs. 5 in the price of high-speed diesel (HSD). Furthermore, the regulatory body has also proposed an decrease of Rs. 2 per litre in the price of light diesel oil (LDO) and a reduction of Rs. 3 in the price of kerosene oil.
It bears mentioning that price of petrol and high-speed diesel were not increased on 15 August 2021 for the remainder of the month and kept at Rs. 119.80 per litre and Rs. 116.53 per litre respectively. However, the price of light diesel oil was increased by Rs. 1.10 per litre bringing the new rate at Rs. 88.30 and the price of kerosene oil was hiked by Rs. 0.81 per litre bringing the new price at Rs. 85.77 per litre.
If the Federal Government approves the new Petrol Prices in Pakistan, these will come into effect from 1 September 2021 for the first half of the month. The final decision will be taken by the Finance Ministry after consultation with Prime Minister Imran Khan.