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Petrol prices to be slashed, other products may go up
 
October 13, 2012, 6:46 pm
 
 
Petrol prices to be slashed, other products may go up

Despite passage of a resolution in the National Assembly regarding reviewing POL prices on monthly basis, Ogra and oil marketing companies, on the directives of the Petroleum Ministry, have forwarded a summary to amend the prices from October 15.

A private news channel quoting sources reported that price of petrol was recommended to be reduced by Rs2.09 in the summary, whereas prices of other petroleum products were advised to be increased by up to Rs3.10.
The summary suggested price increase in high speed diesel by Rs3.10, kerosene oil by Rs1.92, light diesel by Rs1.23 and high octane by Rs 3.
Moreover, with lowering of petrol price, prices of CNG are subsequently expected to be reduced by Rs1.75 per kg also.
The petroleum and the finance ministries will take the final decision regarding price change after mutual consultations.

 
 
 
 
 
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