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Pakistan reduces fuel rates as global oil prices fall amid US-Iran peace hopes

ISLAMABAD: Pakistan’s Oil and Gas Regulatory (OGRA) announced on Monday that it has reduced the prices of petrol and diesel as oil prices slumped by three percent, amid hopes of a peace deal between the United States and Iran following meetings between Irani and Qatari officials. OGRA announced in a notification that the government has reduced the price of petrol by Rs3. 40 per liter [$0. 012] and diesel by Rs7. 76 [$0. 028] per liter, state-run Associated Press of Pakistan (APP) reported. It s

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