How much reduction in petrol price is likely? The big news came
ISLAMABAD: Petrol price is likely to be reduced by Rs 20.68 per liter from May 1. OGRA has sent a summary of the reduction in prices of petroleum products.
According to the details, the government has prepared a big relief for the people. The prices of petroleum products are likely to come down from May 1.
OGRA has sent a summary of the reduction in prices of petroleum products to the Ministry of Petroleum and Finance, in which it is recommended to reduce the price of petroleum products by up to Rs 44 per liter.
According to the summary, OGRA has proposed a reduction of Rs 20.68 per liter in petrol price, Rs 33.94 per liter in high-speed diesel, Rs 33.94 per liter in high speed diesel and Rs 44 per liter in kerosene. A reduction of 7 paise per liter is recommended.
After the approval of the Prime Minister, the Ministry of Finance will announce a reduction in the prices of petroleum products tomorrow.
Yesterday, Finance Advisor Hafeez Sheikh had said that the effects of the fall in the price of crude oil in the world market will be passed on to the people. From May 1, the prices of petroleum products will come down further.
Regarding the budget, Hafeez Sheikh said that the budget for the next financial year will be presented in the first week of June and the budget will be a corona budget and we will try to provide all possible relief to the people in the budget.
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