Thursday, September 30, 2010

Petroleum prices likely to reduce

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) may decrease petroleum prices from October 1, SAMAA reported Wednesday.

A slight cut between 50 paisas to Rs.1 is expected in petroleum prices, sources said.

Prices of petroleum products are being revised in the wake of declining prices in international markets this month.

OGRA is likely to announce new tariffs on Thursday.