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From August 16, a significant reduction in petrol prices is possible in Pakistan.

As oil prices fall in the worldwide market and the currency weakens, the government may announce significant price cuts for fuel items.

The Oil and Gas Regulatory Authority (OGRA) has begun work on a fresh summary, which is expected to suggest a Rs15 cut in POL prices, according to Daily Jang.

According to sources close to the situation, the administration may bring relief to the populace by lowering the petroleum levy and other taxes.

According to sources, the price of petrol would be reduced by Rs12 and that of diesel by Rs15.

Following the prime minister’s assent, new rates will be revealed on August 15 after OGRA provides a summary to the finance ministry on August 13