Today’s expected announcement of a new gasoline price
After Prime Minister Shehbaz Sharif returns to Pakistan from Uzbekistan today [Saturday], the federal government is anticipated to publish the updated prices of petroleum items.In Pakistan, the cost of petroleum products is updated every two weeks.
According to reports, the Finance Ministry has been informed by the Prime Minister’s Office about the release of the POL pricing.Additionally, sources noted that in its summary given to the finance division, the Oil and Gas Regulatory Authority (OGRA) did not suggest lowering the cost of gasoline and diesel. Instead, a minor price hike for POL is more plausible.
According to sources, the POL pricing final decision is anticipated to be made today.According to sources, because of the delay in the notification, gas stations have ceased purchasing gasoline goods, which could cause a scarcity.
The News previously reported that the cost of gasoline was set to decrease from Rs235.98 per litre to Rs226.36 per litre following a reduction of Rs9.62 per litre over the following two weeks.Nevertheless, a marginal price increase of Rs3.04 per litre is anticipated for diesel, bringing the price for the specified period from Rs247.26 per litre to Rs250.30.
According to sources, proprietors of gas stations have stopped buying petroleum goods because of these rumours.It was discovered that the price of gasoline has not yet changed since Prime Minister Shehbaz Sharif has not yet issued any directives.
According to sources with knowledge of the situation, the prime minister has the power to approve adjustments to the price of petroleum goods.However, PM Shehbaz was present at the Council of Heads of State (CHS) summit of the Shanghai Cooperation Organization (SCO), where he also met with Recep Tayyip Erdogan of Turkey and Vladimir Putin of Russia.
“The prime minister’s instructions are being awaited by the finance ministry. The new rates won’t be released until the prime minister decides on the summary that was provided to him “sources claimed.
