Islamabad: A major reduction in petroleum prices is likely from next fortnightly May 16 owing to petroleum product prices decreased in the international market.
It is likely that Rs 8 will be cut in the petroleum prices for next half moth of May.
The final decision regarding the prices of the petroleum products will be taken tomorrow.
The Oil and Gas Regulatory Authority (OGRA) will sent its summary to finance ministry tomorrow.
The finannce ministry will consult on the summary with PM and the decision will be taken tomorrow on Thursday.
