Pakistan to revise petrol prices weekly as PM okays new proposal

2026-03-06 - 10:23

ISLAMABAD – Prime Minister Shehbaz Sharif has approved a proposal to review petrol prices on weekly basis in view of changing regional circumstances. The decision came during a meeting of the special committee on petroleum reserves, chaired by Prime Minister Shehbaz Sharif, where the Finance Minister Muhammad Aurangzeb briefed him on the matter. Reports said the committee presented recommendations on weekly petroleum pricing, which were approved by the prime minister. The Economic Coordination Committee (ECC) will forward its recommendations on weekly petroleum prices, and following ECC approval, the final summary will be presented to the federal cabinet. Additionally, the prime minister directed that a proposal for virtual education in schools and a work-from-home plan for offices be submitted on Monday. Prime Minister Shehbaz Sharif on Friday instructed provincial governments to immediately seal, revoke licenses, and initiate legal action against any petrol stations found creating artificial shortages of petroleum products. Chairing a high-level meeting on the availability of petroleum products, the Prime Minister emphasized the need for strict measures against hoarders. During a briefing by the Ministry of Petroleum, officials confirmed that sufficient stocks of fuel are available nationwide to meet demand. The prime minister also directed the Petroleum Minister to visit the provinces and, in coordination with provincial authorities, develop a comprehensive plan and strategy to conserve petroleum products and maintain an uninterrupted supply for the public.