Sources in the Oil and Gas Regulatory Authority told that it is proposed to reduce petrol rates by Rs 3.95 and high octane blending component by Rs 5.
In a summary sent to the Ogra, decrease of Rs 2.70 in high speed diesel is proposed followed by Rs 3 reduction in light diesel.
Similarly, reduction of Rs 3 is also expected in the rates of kerosene oil. Sources told that continuous decline in petroleum products’ prices was being witnessed in the international market.
