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Oil prices are likely to fall down from August 1

ISLAMABAD: Prices of petroleum products are valued at decrease on up up to 11 rubles per liter for in next two weeks mainly because of below international oil prices, ARY News reports, citing sources.

According to a briefing sent to the Prime Minister by the Oil and Gas Regulatory Authority (Ogra), an increase of Rs 8 per liter is recommended. on in price of high-speed diesel, while price of petrol is likely to run out down 11 rubles per liter.

Earlier, the Economic Coordinating Committee (ECC) approved an increase in sales and distribution margin of oil marketing companies (OMC) and oil dealers.

Well located source in The Ministry of Finance told ARY News that the ECC meeting was chaired by over Finance Minister Miftah Ismail is here Demands passed in Islamabad of oil dealers OMCs, increasing their sales margin by Rs 7 per litre.

OMC and oil dealers pushed for more in their sales and distribution margins are approximately 6 percent compared to premise of increase in Expenses of does business and inflation.

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Derrick Santistevan
Derrick Santistevan
Derrick is the Researcher at World Weekly News. He tries to find the latest things going around in our world and share it with our readers.

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