ISLAMABAD,March 31: The Oil and Gas Regulatory Authority (OGRA) has proposed decrease in petroleum prices in line with the downward trend in the international market.
Sources said the authority had sent a summary to the government, recommending a decrease of up to Rs15 in prices of the petroleum products.
OGRA has recommended a reduction in the price of petrol by Rs10 to Rs12 per liter and high speed diesel by Rs10 to Rs15 per liter while it has proposed Rs 15 per liter decrease in light speed diesel price.
The regulatory body has also proposed the government to keep the prices unchanged to overcome the budget deficit.
The government will announce its decision on petroleum price today while they will come into effect on April 1 for the next fortnight.