: The government is likely to bring good news to the people due to inflation by reducing the prices of petroleum products.
According to Petroleum Division officials, the Oil and Gas Regulatory Authority (OGRA) has received a summary of changes in prices of petroleum products for the next 15 days. With its approval, petroleum products are likely to become cheaper by up to Rs 2 per liter.
In its summary, OGRA has suggested not to increase the petroleum levy in view of global crude oil prices. The summary recommended a reduction in petrol and diesel prices by Rs 2 per liter. The new prices will be announced this evening after the approval of the Prime Minister.
It may be recalled that on March 31, the government had also reduced petrol and diesel prices.
