The Oil and Gas Regulatory Authority (OGRA) has sent its summary to the petroleum ministry to slash prices of petroleum, diesel, kerosene oil and other petroleum products by Sept 1. 2015.
According to the summary, OGRA has recommended the ministry to slash the price of petrol by Rs6.14 per litre.
The regulatory body has also recommended a decrease in price of diesel by Rs7.40 per litre, Rs7 per litre for Hi-Octane, and a reduction in price of kerosene oil by Rs7.7 per litre.
If approved by the federal ministry, the prices will be applicable by Sept 1.