POL prices slashed by Rs5litre from Monday

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Sunday issued a notification, reducing the prices of petroleum products by Rs5 per litre effective from 12 AM Monday.According to the notification, after the reduction the new price of petrol has been fixed at Rs71.25 a litre; High Speed Diesel Rs75.79; High Octane Blending Component (HOBC) Rs75.66 and light diesel Rs39.95 a litre.Prime Minister Nawaz Sharif on Saturday made the announcement that the government is bringing down the prices of all the petroleum products by Rs5 from February 1.