The Oil and Gas Regulatory Authority (OGRA) has sent a summary to the Ministry of Petroleum proposing a 20 to 30 per cent cut in prices of petroleum products, reported a private TV channel on Thursday. The summary states that the rate of petroleum products could be slashed by 20 to 30 per cent in the country following a decline in the international oil prices. The Petroleum Ministry will review the OGRA's summary before forwarding it to the Ministry of Finance. Prime Minister Yousuf Raza Gilani will grant final approval to the summary. The final decision in this regard will be announced today (Friday). Our Staff Reporter from Islamabad adds: Federal Minister for Water and Power Raja Pervez Ashraf has said that all possible measures will be taken to provide relief to the consumers of electricity. He said that people friendly government of the PPP is well aware of the difficulties of the masses and will utilize all its resources to rationalize the current hike in the power prices to ease their burden.  He said this while presiding over meeting of a Special Committee constituted to review the power tariffs. Special Assistant to the Prime Minister Hina Rabbani Khar, Mehreen Anwar Bhutto MNA, Secretary Water and Power, Chairman Nepra, Additional Secretary, Finance and senior officials of the Ministry of Water and Power and others attended the meeting. The Minister assured, the members that as directed by the President of Pakistan and Prime Minister, all possible steps were being taken to maximise power generation by resolving the financial, technical and fuel related issues of PEPCO. The Minister informed the committee that the power generation has substantially improved and the loadshedding duration has been reduced to 50 per cent in the country due to strenuous efforts of all stakeholders of power generation entities and the Ministry of Water and Power. He expressed the hope that the power generation will improve in the next coming days and the shortfall will further come down. He was of the view that the government was committed to provide relief to the people of Pakistan in all the sectors. All decisions will be taken to meet the aspirations of the people of Pakistan within the available resources, he added. The Committee discussed various aspects of the current power tariffs and the proposals of the stakeholders in this regard. It also discussed different options to provide relief to the consumers in the power tariff. Chairman Nepra and the Additional Secretary Finance gave their input on various proposals. It was decided that recommendations will be worked out on the basis of the deliberations and will be finalised shortly to take decision in the best national and public interest.