Islamabad: There is an anticipated decline in the prices of petroleum products starting from August 1.
According to the Oil and Gas Regulatory Authority (OGRA), petrol prices are expected to decrease by Rs3 per liter, while diesel prices might drop by Rs8.50 per liter. Additionally, kerosene is projected to cost Rs9.11 less per liter.
This potential decrease in petroleum prices is attributed to a global reduction in crude oil prices. The process of finalizing the new petroleum prices is currently underway.
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Media reports indicate that OGRA will submit the final summary of the revised petroleum prices to the government.