Petrol prices expected to come down soon; relief for KE subscribers likely

With up to 14 per cent reduction in regasified liquefied natural gas (RLNG) prices notified for the current month, the electricity rates for Karachi and petroleum prices across the country are expected to come down in coming days. With a reduction of Rs3 to Rs7 per litre in major oil products estimated for the next fortnight, the Oil and Gas Regulatory Authority (Ogra) on Tuesday notified a 14pc reduction in the price of RLNG on Tuesday for sales at the transmission stage by the two Sui gas companies for the current month. The Karachi-based Sui Southern Gas Company Ltd (SSGCL), which serves consumers in Sindh and Balochistan, has seen its system losses at the distribution stage drop from 16.16pc to 10.6pc.