The Oil and Fuel Regulatory Authority (OGRA) has proposed a discount within the costs of petroleum merchandise, whereby the value of petrol can drop by Rs10 per litre.
In response to Specific Information, the value of petrol may be lowered by Rs7 to Rs10 per litre whereas the value of diesel is proposed to be lowered by Rs8 per litre.
OGRA has despatched a abstract of the discount within the costs of petroleum merchandise to the federal government.
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The finance minister will seek the advice of the prime minister on the suggestions whereas the ultimate resolution on the costs of petroleum merchandise will probably be taken on Monday.
The brand new costs of petroleum merchandise for the following 15 days will probably be utilized after midnight on Might 15.
It needs to be famous right here that within the final 14 days, the value of crude oil within the Brent oil market was as excessive as $77.44 per barrel.