The prices of petrol and diesel likely to decrease by Rs1.50 per litre and Rs 2.50 per litre, respectively from the month of April.
According to sources, the prices of petroleum products may go down by Rs2.50 from April 1 as the Oil and Gas Regulatory Authority (OGRA) has sent a summary to the Petroleum Division here on Tuesday.
The prices of petroleum products may remain the same if the government decided to raise the tax, sources added.
However, sources further informed that the current tax on petrol is Rs11.23 per litre and Rs12.74 per litre on diesel.
The Prime Minister will make a final decision about the prices of petroleum products, the sources added.
Earlier in February, the Oil and Gas Regulatory Authority (OGRA) had sent a summary of changes in prices of petroleum products to the Petroleum Division.
OGRA had sent a summary of changes in the prices of petroleum products to the Petroleum Division. Sources said that the prices of petroleum products are likely to go up on February 16.
Crude oil prices had risen in the global market due to which the price of petrol in the country is likely to increase by Rs 5.50 per litre.
