The federal government is considering a proposal to revise petroleum product prices on a weekly basis instead of the current fortnightly review mechanism.
Sydney Sweeney Reveals Cristiano Ronaldo Is Her Favourite Footballer
According to sources, the Ministry of Energy has prepared a working paper outlining key proposals related to petroleum pricing and has briefed Prime Minister Shehbaz Sharif on the matter.
The proposal recommends reviewing petrol and diesel prices every week so that domestic fuel rates can better reflect fluctuations in the international oil market.
Officials said the move is aimed at keeping local fuel prices more competitive and aligned with global trends in a timely manner. At present, petroleum product prices in Pakistan are reviewed every 15 days.
Sources added that the prime minister will take the final decision on the proposal after consultations with the government’s economic team. If economic conditions remain challenging, the government may move forward with the plan in the near future.
Meanwhile, authorities have also strengthened monitoring measures to prevent the hoarding of petroleum products across the country.
