Thursday, February 22, 2024

Pakistan Considers Revising Petrol Prices Weekly

The temporary government in Pakistan has chosen to change how often they adjust the prices of petroleum, opting for a weekly review instead of the current practice of every two weeks.

According to local reports, the Oil and Gas Regulatory Authority (OGRA) will now look into fuel prices weekly. This decision aims to tackle issues faced by the oil industry, especially in managing inventory losses.

Before making this significant change, the caretaker government has asked for input from all involved parties, including the Petroleum Dealers Association.

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