OGRA recommends cut of Rs2.55 per litre in petrol price

Following the extraordinary hike in the prices of petroleum products, Khyber Pakhtunkhwa government has slashed the POL expenditure of government departments by 35 percent.

In addition to this, federal government has also decided cutting the POL expenditure of government officers and cabinet members under the austerity measures. On the other hand, Sindh government has also announced a 40 percent cut in POL expenditure.

Earlier the federal government has hiked the petroleum prices by Rs 60 over a week.

KP Chief Minister Mahmood Khan on Friday ordered a 35 percent cut on government departments POL expenditure. He said that provincial government will take further austerity measures to cut its expenses.

On the other hand, KP finance department said that cut on the POL expenses will save the province over Rs 1 billion per annum.

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