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Pakistan to revise oil prices daily amid renewed West Asia tensions
Pakistan fuel price: Pakistan will now adjust petroleum prices daily to manage oil price fluctuations. The government aims for greater transparency in fuel pricing decisions. This move follows criticism regarding delays in passing on lower fuel costs. Turkish Petroleum will begin oil and gas extraction in Pakistan soon. Petrol pump owners have rejected the deregulation policy and plan protests.
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dawn.com
Oil industry prompts government to discourage hoarding as petrol stocks decline to 14-day cover
Diesel stocks now stand at around 21 days’ cover; decline comes amid rising prices following renewed US-Iran attacks.
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Govt to fix fuel prices daily due to renewed hostilities in Persian Gulf: petroleum minister
Decision is part of the government’s move to make the system of deciding fuel prices more transparent, says Malik.
