Why haven’t revised petrol prices in Pakistan been announced yet?

A fuel station worker fills a vehicle at a petrol pump in Karachi on September 1, 2022. – PPI

ISLAMABAD: Petrol prices in Pakistan, which are revised every fortnight, are yet to be changed as Prime Minister Shehbaz Sharif is yet to give his directives. Geo News Thursday night.

Sources familiar with the matter said the prime minister – who is currently in Samarkand, Uzbekistan – has the authority to approve changes in the prices of petroleum products.

But the prime minister is Shahbaz. To attend Shanghai Cooperation Organization (SCO) Council of Heads of State (CHS) summit, where he also met Russian President Vladimir Putin, Turkey’s Recep Tayyip Erdogan and others.

“Finance ministry is waiting for instructions from the prime minister, once the prime minister decides on the summary sent to them, only then will the new rates be released,” sources said.

News Reported In the next fortnight, the price of petrol is expected to decrease by Rs 9.62 per liter from Rs 235.98 per liter to Rs 226.36 per litre.

However, diesel price is expected to increase marginally by Rs 3.04 per litre, from Rs 247.26 per liter to Rs 250.30 per litre, for the said period.

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