Prices for petroleum products are likely to drop from December 1.
The summary sent by the Oil and Gas Regulatory Authority (OGRA) to the Petroleum Ministry has recommended a reduction in the prices of petroleum products.
According to sources, petrol is expected to be cheaper by 25 paise and kerosene by 83 paise per liter while light diesel is recommended by Rs 2 for 90 paise per liter. Light Diesel 2 is suggested to be cheap at Rs 90 per liter.
Last month, the government had increased petrol price by one paise and 27 paise per liter for high-speed diesel while kerosene price was reduced by Rs 2 ,39 paisa and light diesel oil by Rs 6, 56 paisa per liter.
Sources say that the Prime Minister will take the final decision on changing prices of petroleum products.