Govt likely to cut petrol, diesel prices
The government is likely to cut the prices of petroleum products by Rs3 per litre next week.
According to sources, the Oil and Gas Regulatory Authority (Ogra) has prepared a summary of the prices of petroleum products. Sources say that Ogra has suggested a Rs3.5 cut in the price of petrol and Rs2.5 cut in the price of high-speed diesel. The new price would be announced after prime minister’s approval and the new prices would be applicable for 15 days from November 16.