ISLAMABAD: The federal government made lesser reduction in petroleum products’ prices up to Rs3 after rejecting summary of Oil and Gas Regulatory Authority (OGRA) for a major decrement.
Federal petroleum minister, Shahid Khaqan Abbasi, made the announcement for reduction in petrol and diesel rates here on Monday.
Earlier, Oil and Gas Regulatory Authority (OGRA) had sent summary for reduction in POL prices up to Rs7 citing major slump in oil prices in international market up to 30 per cent.
However, the government rejected the summary and made small reduction in the rates up to only Rs3.
The new prices would be effected tonight at 12:00 midnight.
