Islamabad: The Oil and Gas Authority (OGRA) proposed on Friday to cut the prices of petroleum products.
According to sources, Ogra proposes to reduce gasoline prices by Rs 3.50 per liter to match the decline in global crude oil prices.
Regulators also proposed to reduce the price of high-speed diesel (HSD) by Rs2.50 per liter, which is mainly used in transportation and agriculture.
The new price will be announced on November 15 after approval by Prime Minister Imran Khan. The price drop of petroleum products will be applicable within the next 15 days.