The government of Tehreek-e-Insaf prepared preparations for the biggest reduction in the petroleum prices ever since March 1.
Federal govt. is reducing the cost of petrol by Rs 6 per liter and diesel by Rs 7 per liter. According to details, OGRA has prepared a summary of the reduction of petroleum products from March 1 and sent it to the Finance Ministry.
It is reported that OGRA has prepared a summary to reduce the prices of all petroleum products. According to media reports, OGRA has prepared a summary reduction of Rs 6 per liter of petrol and Rs 7.50 per liter of diesel.
It is said that after consulting the Prime Minister Imran Khan, the new prices will be announced on February 29, while according to the new prices, petrol will be given from 1st March.
The price of petrol may likely be reduced by Rs 13 per liter, however, currently, OGRA has prepared a summary for Rs 6 per liter. If the prices of petroleum products fall, inflation is likely to decline in the country. Reducing the prices of petroleum products will be a major relief to the people.