Pakistan’s government is considering weekly reviews of petroleum product prices amid rising geopolitical tensions. Officials aim to align domestic fuel prices with rapid changes in international markets. The potential policy could affect consumers, transport costs, and inflation across the country.
Sources said the Ministry of Energy prepared proposals and briefed the prime minister on the plan. The proposal suggests revising petrol and diesel prices every week instead of the current 15-day schedule. Officials believe the change would help adjust prices quickly according to global oil market trends.
Read more: Pakistan weighs weekly petroleum price review amid Middle East
The final decision will be made by the prime minister after consultations with the government’s economic team. Sources added that authorities may implement the change soon if the global situation remains unstable. The move reflects concerns about volatility in international energy markets.
Meanwhile, officials confirmed that Pakistan currently has sufficient petroleum reserves to meet domestic demand. Regulators are also closely monitoring fuel supply across the country. Authorities aim to prevent shortages or sudden disruptions in fuel distribution.
Read more: Govt jacks up petrol price by Rs 8 per litre, diesel by Rs 5.16
The government has also tightened monitoring against petroleum hoarding in local markets. Officials warned that strict action will be taken against those attempting to manipulate supply. Authorities said the measures aim to ensure stable fuel availability during uncertain global conditions.