ISLAMABAD – Nuclear deal between Iran and America will put impact on the prices of petroleum products all over the world including Pakistan.
Prices of petroleum products may reduced in Pakistan from the month of August. Oil and Gas Regulatory Authority (OGRA) send a summary to federal government for approval.
According to the summary, petrol products likely to reduced by Rs 3.44, HOBC by Rs 2.78 per liter, diesel by Rs 2.16 and Kerosene oil by Rs 2.10 per liter.
Earlier, Iran reached an historic agreement with major powers which would lead uplift of economic sanctions from Iran.
According to details, Iranian diplomat has confirmed to the news agency that a deal has been reached.
The diplomat says it includes a compromise between America and Iran that would allow United Nation inspectors to press for visits to Iranian military sites as part of their monitoring duties.
He further added that historic nuclear deal which will grant Tehran sanctions relief in exchange for curbs on its nuclear program.