Govt may announce revised petrol prices today

After Prime Minister (PM) Shehbaz Sharif returns to Pakistan from Uzbekistan today, the federal government is expected to announce revised petroleum product prices.

Amid these rumours, fuel pump owners have stopped buying petroleum goods, according to Geo News.

Reportedly, the Prime Minister’s Office has notified the Finance Ministry of the POL price announcement.

According to sources, the Oil and Gas Regulatory Authority (OGRA) did not advise lowering gasoline and diesel prices in its brief given to the finance division. Instead, a minor increase in POL costs is predicted. However, the final decision on POL prices is likely today.

Previously, it was expected that the price of petrol would fall from Rs235.98 per litre to Rs226.36 after a Rs9.62 per litre reduction over the next two weeks.

Moreover, the price of diesel is likely to rise by Rs3.04 per litre, raising the rate from Rs247.26 to Rs250.30 during the specified period.

KP Finance and Health Minister Taimur Khan Jhagra took to Twitter to criticise the government’s delay in announcing revised POL pricing, sparking a debate on the social media platform.

Can't decide the price of petrol. Can't decide the price of Panadol. How will they take the decisions required to stop economic meltdown?#الیکشن_واحد_حل pic.twitter.com/rfZe4pU9sx

— Taimur Saleem Khan Jhagra (@Jhagra) September 17, 2022

Like the development of the mega housing project Regi Model Town Peshawar which is pending for the last ten years of PTI government in KP

— Abdullah Khan (@Abdulla22940164) September 17, 2022

The one who is to decide the price wasn't even in Pakistan.

— M (@_elonmust) September 17, 2022