The federal government is expected to announce new petroleum product prices today. [Saturday] After Prime Minister Shehbaz Sharif returned to Pakistan from Uzbekistan.
Pakistan reviews petroleum product prices every two weeks.
The Prime Minister’s Office informed the Ministry of Finance about the announcement of the POL price, according to the sources.
The sources also pointed out that the Oil and Gas Regulators (OGRA) had not offered to cut gasoline and diesel prices in a summary sent to the finance department. It is likely that the POL price will increase slightly instead.
The source said a final decision on the POL price is expected today.
The source revealed that due to late announcement The gas station stopped buying petroleum products. which could lead to shortages
Earlier, The News reported that oil prices were likely to drop from Rs.235.98 per liter to Rs.226.36 after a reduction of Rs 9.62 per liter next week.
However, diesel prices are expected to increase slightly by Rs 3.04 per liter, rising from Rs 247.26 per liter to Rs 250.30 during the period.
Among these speculations Gas station owners have stopped buying petroleum products. The source said
Note that the price of oil has not changed. Since Prime Minister Shehbaz Sharif has not given directions.
A source familiar with the matter said the prime minister had the authority to approve changes in petroleum product prices.
But PM Shehbaz is attending the Shanghai Cooperation Organization (SCO) Council of Heads of State (CHS) summit, where he meets with Russia’s Vladimir Putin, Turkey’s Recep Tayyip Erdogan and others.
“The Ministry of Finance is waiting for the advice of the Prime Minister. When the Prime Minister decides on the conclusions sent to him Then a new price will be issued,” the source said.
