Islamabad (Staff Report): The prices of petrol and High Speed Diesel (HSD) are expected to be decrease from May 1 while the prices of light diesel and kerosene oil are expected to increase, reported on Friday.

According to details, Oil and Gas Regulatory Authority (OGRA) will send its recommendations summary regarding petroleum prices to the Ministry of Petroleum on April 29 the new prices will be implemented with effect from May 1, 2017.

The price of petrol is likely to be reduced by Rs 2.35 per litre and HSD by Rs 2.85 per litre. However, the price of light diesel is expected to increase by Re 1.40 per litre and kerosene oil by Rs 8 per litre.