ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has sent its summary to the petroleum ministry to slash prices of petroleum, diesel, kerosene oil and other petroleum products by Sept 1, a private TV channel reported.

According to the summary, OGRA has recommended the ministry to slash the price of petrol by Rs6.14 per litre.

The regulatory body has also recommended a decrease in price of diesel by Rs7.40 per litre, Rs7 per litre for Hi-Octane, and a reduction in price of kerosene oil by Rs7.7 per litre. If approved by the federal ministry, the prices will be applicable by Sept 1.