Oil prices likely to come down by Rs6 per litre

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ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) is likely to propose a cut in prices of petroleum products for the month of September. 

According to sources privy to the developments, OGRA is expected to slash fuel prices by Rs6 per litre in line with the global oil prices.

The Oil price has dropped by $16 per barrel in the international market and is hovering around $55 per barrel.

Similarly, price of the diesel is expected to be reduced b Rs8 per litre.

A final decision on passing on relief to local consumers will be announced by the Petroleum ministry.