petrol diesel prices likely to be slashed from may 01

ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) has moved summary to the ministry of petroleum for changes in the petroleum product prices from May 01.Sources said, the regulatory body has recommended Rs01 per litre cut in the petrol price and Rs1.6 per litre in diesel price.However, the OGRA has recommended hike in HOBC and kerosene oil prices by Rs9.43 and Rs2.11 per litre respectively.