Prices of petroleum products likely to be reduced from June 01

ISLAMABAD (Online): Prices of petroleum products are likely to be reduced once again from June 01.

According to sources price of petrol per liter is likely to be slashed by Rs 5.50 for next 15 days while diesel price is likely to be decreased by Rs 4.30 per liter. Kerosene oil price may go down by Rs 2.15 per liter while light diesel price is likely to be reduced by Rs 5.08 per liter.

International market witnessed reduction in price of petroleum products.

OGRA will send working to government on May 31 in proportion to reduction in international market.

Final approval to  reduction in price of petroleum products will be accorded by Prime Minister Shehbaz Sharif.

Ministry of finance will issue notification in respect of reduced prices of petroleum products.