Petroleum prices may fall today, the private media outlet reported on Wednesday.
According to the details, OGRA may reduce petrol prices by Rs 2.30 on October 15. On the other hand, diesel prices may be reduced by Rs 0.17.
However, OGRA will announce new prices later today.
Earlier, the government reduced petroleum prices for October 14.
According to a notification issued by the Petroleum Division yesterday, the price of petrol has been reduced by Rs 2.71 per litre, bringing the new price to Rs 392.66 per litre.
Also Read, Petrol prices in Pakistan could reach Rs1,000 per litre, warns minister
Earlier, Federal Petroleum Minister Ali Pervaiz Malik warned that petrol prices in Pakistan could rise to as much as Rs1,000 per litre if a shortage develops in the country.
Speaking to the media in Lahore, Malik said there is currently no petrol shortage in the country. However, he warned that prices may reach Rs1,000 per litre if a shortage occurs.
The federal minister said oil has become more expensive in Europe and the United States, while global oil prices have increased by 80 per cent. He claimed that Pakistan has increased petrol prices by only 50 per cent.
He said Prime Minister Shehbaz Sharif has “built a barrier” against further increases in petrol prices as a responsible premier.
