Get the Latest News Updates

Why hasn’t Pakistan’s increased gasoline pricing been notified yet?

Petrol prices in Pakistan are updated every two weeks, but none have yet been altered because Prime Minister Shehbaz Sharif has not yet issued any directives, sources said Geo News on Thursday night.

According to sources with knowledge of the situation, the prime minister, who is at present in Samarkand, Uzbekistan, has the power to approve adjustments to the price of petroleum products.

However, PM Shehbaz is in attendance at the Council of Heads of State (CHS) summit of the Shanghai Cooperation Organization (SCO), where he also had discussions 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.

According to The News, the cost of gasoline would likely decrease from Rs235.98 per litre to Rs226.36 after 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.