Summary-for-reducing-petroleum-prices-sent-to-ministry

Summary for reducing petroleum prices sent to ministry

Updated at: 1613 PST, Saturday, November 29, 2008 ISLAMABAD: The Oil & Gas Regulatory Authority (OGRA) has sent an initial summary to the ministry for oil, gas and natural resources, suggesting a reduction in prices by Rs 8 in petrol and Rs 5 in diesel. The sources said that the oil and gas ministry after reviewing this summary will send its own proposed summary to the finance ministry on November 30. Meanwhile, the sources of the finance ministry said that the Pakistan economy at the moment cannot afford the reduction in petroleum prices. However, a summary suggesting no change in the current prices of petroleum products is likely to be sent to the prime minister.