ISLAMABAD: Federal Minister for Petroleum Dr Asim Hussain has said that people of Pakistan will hear good news regarding record reduction of petroleum and CNG prices effective from June 16.
The ministry has announced that the price HOBC will be reduced by Rs 11.
76, Kerosene oil by Rs 4.25 and diesel by 4.46.
Masses have expressed satisfaction over the decision.
Oil and Gas Regulatory Authority (OGRA) had suggested to decrease the prices of petroleum products by Rs10 and has sent the summary to the ministry Thursday.
The authorities of Ministry of Petroleum and Natural Resources said that prices of petroleum products are less than $ 95 per barrel in international market, while in Pakistan prices of petroleum products are being charged by $ 120 per barrel.
The OGRA has recommended to the government to decrease the price of petroleum products by Rs10.
46.
The summary has also suggested reducing the price of diesel by Rs6.
08, kerosene oil 5.26, HOBC Rs11.75 and light diesel by Rs5.02 per litre.
