Ali Pervaiz Malik

The government reduced petrol and high-speed diesel prices by Rs4.08 and Rs2.45 per litre, respectively, due to falling oil prices following the US calling off an attack on Iran. The new prices take effect on August 4, with petrol retailing at Rs331.95 and diesel at Rs389.93. Taxes on petrol and diesel remain at Rs110 and Rs96 per litre.

The government reduced petrol and diesel prices by 12 and 66 paisas per litre, effective August 1-3, while the Oil and Gas Regulatory Authority (Ogra) announced a 32% increase in regasified liquefied natural gas (RLNG) prices for August, citing the US-Iran war as a supply disruption. Fuel price adjustments are now set daily due to international market fluctuations, sparking opposition from the All Pakistan Dealers Association.

The government may reintroduce targeted fuel subsidies if Gulf tensions persist, while maintaining its plan to deregulate petroleum pricing. Petroleum Minister Ali Pervaiz Malik defended a transparent daily pricing mechanism to shield consumers from price shocks, as a Senate panel directed Ogra to address dealers' concerns.

The government increased petrol price by Rs1.09 and HSD price by Rs2.42 per litre, effective July 31. Petrol will retail at Rs336.15 and HSD at Rs393.04, with taxes remaining at Rs110 per litre for petrol and Rs96 for diesel. The Petroleum Minister announced daily fuel pricing due to international market fluctuations, which has been opposed by the All Pakistan Dealers Association.

The government increased diesel prices by Rs2.24 per litre to Rs390.62 and reduced petrol prices by 0.75 paisa to Rs335.06, effective July 30. Fuel prices are now adjusted daily due to international market fluctuations, a move opposed by the All Pakistan Dealers Association.

The government increased petrol and HSD prices by Rs1.63 and Rs1.55 per litre, citing global oil price fluctuations and renewed hostilities in the Persian Gulf. Petrol now retails at Rs335.81 per litre and HSD at Rs388.38 per litre, with taxes remaining at Rs110 and Rs96 per litre respectively. The Petroleum Minister announced daily fuel pricing, which the All Pakistan Dealers Association opposes.

The government reduced petrol price by Re1 to Rs334.18 per litre and increased HSD price by Rs3.37 to Rs386.83 per litre, citing global oil price fluctuations and renewed Persian Gulf hostilities. Fuel prices will now be set daily by Ogra based on international markets, a move opposed by the All Pakistan Dealers Association.

The federal government and the Oil Tankers Contractors Association (OTCA) agreed to form a committee to resolve issues facing the oil tanker industry within two weeks. The committee, led by the special secretary for petroleum, includes representatives from regulatory bodies and industry stakeholders, and will address demands such as quota reductions and contract transparency.

The government maintained petrol and diesel prices for July 26 and 27 due to the non-publication of Platts prices on weekends. Petrol and diesel prices had increased by Rs3.66 and Rs4.80 per litre respectively the previous day, reaching Rs335.18 and Rs383.46 per litre. The Petroleum Division announced daily fuel price adjustments based on international market trends, a shift from weekly revisions, amid tensions between Iran and the US.

The government increased petrol and HSD prices by Rs3.66 and Rs4.80 per litre, citing global oil price fluctuations and renewed hostilities in the Persian Gulf. New prices take effect on July 25, with petrol at Rs335.18 and HSD at Rs383.46 per litre. Petroleum Minister Ali Pervaiz Malik announced daily fuel price adjustments, a move opposed by the All Pakistan Dealers Association.

The government increased petrol and diesel prices by Rs4.40 and Rs3.62 per litre, citing global oil price fluctuations and renewed hostilities in the Persian Gulf. New prices take effect July 24, with fuel pricing now decided daily by the Oil and Gas Regulatory Authority (Ogra) due to market volatility. The All Pakistan Dealers Association opposes the daily pricing and plans protests.

Petrol pump owners in Pakistan are divided over a strike after government talks, with some groups deferring the strike due to assurances on daily fuel pricing and dealer margins, while the association's leadership claims the talks failed and the strike will proceed indefinitely. The government promised a two-week trial of daily pricing and to review dealer margins but did not address specific demands like an 8% commission or supply quotas.

The government increased petrol prices by Rs6.39 and diesel by Rs7.83 per litre, effective July 23, citing global price fluctuations and renewed Persian Gulf hostilities. The All Pakistan Petroleum Pump Owners Association deferred a strike after negotiations, and the Petroleum Minister announced daily fuel pricing to address market volatility.

The All Pakistan Petroleum Pump Owners Association deferred a nationwide strike after negotiations with Petroleum Minister Ali Pervaiz Malik. The government assured stakeholders their grievances would be addressed within two weeks and cited efforts to mitigate rising fuel prices through subsidies and financial measures.

The government increased petrol prices by Rs4.93 and diesel by Rs7.15 per litre due to Persian Gulf hostilities, with new prices effective July 22. Daily fuel pricing is now in effect, and the All Pakistan Dealers Association plans to protest the decision.

Petrol pump owners in Pakistan announced a nationwide strike after failed negotiations with the government over daily fuel pricing. The All Pakistan Petrol Pumps Owners Association (APPPOA) demanded monthly pricing and increased dealer commissions, citing financial challenges and a flawed pricing mechanism favoring oil companies.

The government reduced petrol prices by Rs0.35 per litre and increased diesel prices by Rs5.71 per litre, effective July 21, citing global price fluctuations due to Persian Gulf tensions. Fuel pricing is now determined daily by Ogra based on international markets, a move opposed by the All Pakistan Dealers Association.

Petroleum Minister Ali Pervaiz Malik announced daily fuel price adjustments to reduce market abuse and ensure fair pricing for consumers. The reform, approved by the federal cabinet, shifts from weekly to daily pricing based on international market fluctuations and aims to promote transparency and competition in Pakistan’s petroleum sector.

The government increased petrol prices by Rs5.44 and diesel by Rs31.05 per litre for three days starting July 18, citing higher import premiums and global prices due to regional tensions. The Petroleum Minister announced daily fuel pricing adjustments effective immediately, replacing weekly revisions, with the Oil and Gas Regulatory Authority responsible for setting prices based on international market trends.

The government will fix fuel prices daily due to fluctuations in international markets caused by renewed US-Iran hostilities in the Persian Gulf. Petroleum Minister Ali Pervaiz Malik stated that Ogra will determine prices based on a seven-day international market average and publish factors influencing them, aiming to increase transparency.

The LPG Importers Association of Pakistan warns of an imminent nationwide LPG shortage due to unsustainable pricing, urging the government to revise the pricing framework. The association claims the current price set by Ogra fails to cover import costs, leading to operational losses and potential shutdowns of import terminals. Despite recent price reductions by Ogra, retailers report no market relief, with LPG prices remaining high at Rs480-Rs550 per kg.

Pakistan's petroleum minister stated the country is considering purchasing cheaper oil and gas from Iran following a temporary easing of US sanctions. The move could save $170-340 million annually and align with recent fuel price reductions in Pakistan amid lower international oil prices and eased Middle East tensions.

Petroleum Minister Ali Pervaiz Malik denied claims of sectoral bias after the government maintained petrol and diesel prices at Rs299.50 and Rs311.47 per litre, citing international oil price trends. Critics, including former Sindh governor Mohammad Zubair and PTI's Haleem Adil Sheikh, accused the government of failing to pass savings to consumers despite lower global prices.

Pakistan's Petroleum Division assured oil firms that the weekly pricing mechanism would continue, basing future petrol and diesel prices on recent import premiums to minimize losses. Industry leaders criticized frequent policy changes for eroding profitability and deterring foreign investment, while demanding restoration of the pre-war pricing formula.

Prime Minister Shehbaz Sharif directed authorities to pass on benefits of falling international oil prices to consumers. A high-level committee was formed to establish a transparent weekly fuel pricing mechanism, and Iran and the United States are moving toward a ceasefire agreement, easing regional tensions and boosting oil supply prospects.