ISLAMABAD: Pakistani petrol prices, which are updated every two weeks, have not yet been altered since Prime Minister Shehbaz Sharif has not yet issued any directives.
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 announced until the prime minister decides on the summary that was forwarded to him.
After a reduction of Rs9.62 per litre for the following two weeks, the petrol prices were expected to fall from Rs235.98 per litre to Rs226.36. Diesel is still expected to have a slight price increase of Rs3.04 per litre, taking the price for the given period from Rs247.26 to Rs250.30.