Federal government of Pakistan is considering a satisfactory reduction in Petroleum products, here on Friday.

According to the details, the Oil & Gas Regulatory Authority (OGRA) on Friday submitted a summary to the petroleum division recommending a decrease in prices.

The summary advised that the prices of petroleum products should be decreased by at least Rs7.30 per liter starting from March 1.

According to sources, the regulatory authority has forwarded a summary to the petroleum division suggesting a cut of at least Rs5.89 in the petrol prices.

The summary also recommended reducing the price of high-speed diesel (HSD) by Rs 7.30 per liter.

The Ministry for Finance will consider the recommendations of the OGRA on Saturday, and make its decision accordingly.