The spokesperson of the Oil and Gas Regulatory Authority (OGRA) says that Speculation on the prices of petroleum products can disrupt the oil supply chain.
In a statement, an OGRA spokesperson said that OGRA emphasizes the importance of avoiding speculation on the prices of petroleum products.
The Ogra spokesperson says that the prices of petroleum products depend on the international prices and the exchange rate of the dollar.
He said that in recent days, an increase in the prices of petroleum products has been observed at the international level, the exchange rate of dollar to rupee has improved in the country.
The spokesperson said that with a week to go before the new prices are announced, price speculation during this period could disrupt the oil supply chain.
It should be noted that the officials of the Ministry of Finance had said that due to the increase in the value of the rupee, there is a possibility of a decrease in the prices of petroleum products.
According to the authorities, for the next 15 days from October 1, the price of petrol per liter may decrease by Rs. 11.98 while the price of diesel may decrease by Rs. 9.17. can
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