The Pakistani government has decided to relinquish control over petroleum product prices, with Prime Minister Shehbaz Sharif ordering the removal of governmental authority in setting these prices.
In response to the Prime Minister’s directive, the Petroleum Minister has scheduled a critical meeting for Thursday to discuss the implications and next steps.
Prime Minister Sharif has tasked the Chairman of the Oil and Gas Regulatory Authority (OGRA) with evaluating the impact of price deregulation and creating an implementation framework. This framework will be presented to the Prime Minister for final approval.
The government plans to grant oil marketing companies the authority to set prices in a phased approach.
Prime Minister Sharif highlighted the criticism the government faces when prices rise, noting the lack of public appreciation when prices fall.
However, petroleum dealers have opposed this move, arguing that it could lead to unfair profiteering by oil marketing companies.
inDrive, a global mobility and urban services platform, has joined hands with Essa Labs to…
tapmad Entertainment has cemented its position as a pioneer in Pakistan’s digital entertainment space, not…
Airblue, one of the country’s leading private airlines, has announced a 14% discount on selected…
The Pakistan eCommerce Association (PEA) has urged the government to reduce the tax burden on…
From highlighting the need for affordable smartphones and universal internet to pushing for a cashless,…
Kaspersky research findings show that 42% of children surveyed from the Middle East, Turkiye and…
This website uses cookies.
