Significant decrease in oil prices in Pakistan excepted from 16 August

The government could announce a significant drop in the price of petroleum products as oil falls internationally and the dollar depreciates.


The Oil and Gas Regulatory Authority (OGRA) has begun work on a new summary which is likely to propose up to Rs15 price cuts.

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Sources aware of the affair said that the government could grant relief to the masses as a result of a reduction in the oil tax and other taxes.

Sources indicate that oil prices are expected to decline by Rs12 and diesel by Rs 15.

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