Petrol, diesel prices likely to go down from Dec 16

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The federal government may slash the petroleum prices by Rs10 per litre from December 16.

According to sources, the Oil and Gas Regulatory Authority (OGRA) on Tuesday put forth a proposal to reduce prices of petroleum products up to Rs10 per litre.

OGRA has recommended Rs11per litre cut in the price of petrol, diesel Rs9 per litre, said sources, adding that the government will finalise the prices of petroleum products after either raising or lowering the levy.

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