Friday, February 23, 2024
HomePakistanWhy Haven't Pakistan's Petrol Prices Been Changed Yet?

Why Haven’t Pakistan’s Petrol Prices Been Changed Yet?

ISLAMABAD: Petrol prices in Pakistan, which are reviewed every two weeks, have not yet been changed because Prime Minister Shehbaz Sharif has yet to provide instructions, sources informed Geo News Thursday night.

According to sources familiar with the situation, the prime minister, who is currently in Samarkand, Uzbekistan, has the authority to approve price changes for petroleum products.

But, Prime Minister Shehbaz is in Shanghai for the Shanghai Cooperation Organization’s (SCO) Council of Heads of State (CHS) summit, where he met with Russia’s Vladimir Putin, Turkey’s Recep Tayyip Erdogan, and others.

According to The News, the price of petrol was expected to fall from Rs235.98 per liter to Rs226.36 following a Rs9.62 per liter decrease over the next two weeks.

However, the price of diesel is likely to increase by Rs3.04 per liter, raising the rate from Rs247.26 per liter to Rs250.30 for the said duration.

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