Petroleum prices likely to fall – Express Urdu

OGRA has despatched a abstract of petroleum producer costs (picture, file)

Islamabad: OGRA has despatched a abstract to the federal authorities to take care of the present costs, nonetheless, given the present political state of affairs, the costs of petroleum merchandise are more likely to decline barely. ]

The Oil and Gas Regulatory Authority (OGRA) has despatched a abstract of modifications within the costs of petroleum merchandise to the Petroleum Division within the context of world oil costs, which can be despatched to the Ministry of Finance at present (Thursday).

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According to sources, the abstract despatched by OGRA to the Petroleum Division really helpful that the costs of petroleum merchandise be stored on the present stage from October 16. However, because of the present political state of affairs and public response, the federal government has determined to cut back the inflation fee. There could also be some discount within the costs of petroleum merchandise for which the petroleum levy could also be decreased. However, the ultimate choice on this regard can be taken at present with the approval of the Prime Minister in session with the Ministry of Finance.

Sources say that the federal government is at present levying a petroleum levy of Rs 30 per liter on diesel, Rs 27.32 per liter on petrol and Rs 11.43 per liter on kerosene and if the federal government has to supply reduction to the folks then petroleum The levy fee can be decreased however the closing choice on the costs of petroleum merchandise can be taken by the Ministry of Finance in session and approval of the Prime Minister.

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