Petrol prices likely to decrease from November

The Oil and Gas Regulatory Authority (OGRA) on Saturday recommended up to a Rs 2 decrease in Petrol prices for the month of November.

OGRA has sent a summary of the reduction in prices of petroleum products to the government.

According to the summary, the OGRA has recommended a Rs 1.50 cut in the per liter price of petrol and Rs2 in the price of high-speed diesel (HSD). The finance ministry will announce new fuel prices for November after Prime Minister Imran Khan’s approval.

However, authorities said the government may keep the Petrol prices unchanged by increasing the petroleum levy.

On September 30, the government had cut the price of high-speed diesel by Rs2.40 per liter and kept that of petrol and other petroleum products unchanged for a fortnight with effect from October 1.

Later on October 15, the government decided to keep fuel prices unchanged for the rest of the month.

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