Islamabad: Oil and Gas Regulation Authority (Ogra) on Friday issued a notification for the reduction of petroleum and Compressed Natural Gas (CNG) prices.
It is the first major reduction in the petroleum prices by the coalition government led by PPP, ‘in order to provide people a shy of relief’.
As per notification, the new prices of POL products would be applicable from June 16.
The new prices of petrol after reduction of Rs10.46 would be Rs89.51per litre. Diesel will now sell at Rs99.69 per litre after slashing of Rs6.8.
Similarly, after reduction of Rs 11.75 HOBC will be available in the open market at Rs113.32 per litre.
The new price of kerosene oil will be Rs88.79 per litre after cutting short Rs5.26.
CNG:
However on the other side the price of CNG was also reduced in different regions.
In region 1, Rs 4.82 was reduced on per kg. The price of CNG in Pothohar, Khyber Pakhtunkhua and Balochistan would be Rs81.95.
In region 2, Rs 4.08 was reduced on per kg. The price of CNG in Punjab (excluding Pothohar) and Sindh would be Rs 74.93/ kg.
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