It has come into our knowledge that OGRA (Oil and Gas Regulatory Authority) is planning to drop the prices of petroleum slightly. They have prepared a summary according to which petroleum prices will be decreased by Rs. 0.59.
According to the information that we received, the summary which has been prepared by the OGRA states that Petroleum price will face a drop of Rs. 0.59, High-Speed Diesel will be decreased by Rs. 4, Light Diesel will have a drop price by Rs. 1 while Kerosene Oil price will change from Rs. 2 per liter.
Although this is a summary, but the final decision will be made by Prime Minister Imran Khan. A detailed summary proposed by the OGRA will be forwarded to the Prime Minister after pondering over it.
The summary has been presented to the ministry, and they will look for approval. When they approve it, only then the summary will be forwarded to the Prime Minister.
Let’s not forget that the government has its way of getting back to us. If they lowered the prices of the petroleum, then they might increase a bit of taxation. It is simply the way; our government always work. Till then we can only hope for good news and no attached news with it.