Aaj TV English News - Pakistan https://english.aaj.tv/ Aaj TV English en-Us Copyright 2026 Wed, 08 Apr 2026 05:17:29 +0500 Wed, 08 Apr 2026 05:17:29 +0500 60 Govt to relinquish control of petrol prices https://english.aaj.tv/news/330371248/govt-to-relinquish-control-of-petrol-prices <p><strong>The Pakistani government has decided to relinquish control over petroleum product prices, with Prime Minister Shehbaz Sharif directing the removal of government authority in setting prices.</strong></p> <p>Following the Prime Minister’s directive, the Petroleum Minister has called a crucial meeting on Thursday to discuss the matter.</p> <p>The Prime Minister has instructed the Chairman of the Oil and Gas Regulatory Authority (OGRA) to assess the impact of price deregulation and develop a framework for implementation. This framework will be presented to the Prime Minister for final approval.</p> <p>The government is preparing to grant oil marketing companies the authority to set prices in a phased manner.</p> <p><strong>Read more:</strong></p> <p><strong><a href="https://english.aaj.tv/news/330368350/petroleum-products-will-be-available-nationwide-says-govt-after-dealers-strike-call">Petroleum products will be available nationwide, says govt after dealers strike call</a></strong></p> <p><strong><a href="https://english.aaj.tv/news/330364553/government-mulls-increasing-petroleum-levy-to-tackle-circular-debt">Government mulls increasing petroleum levy to tackle circular debt</a></strong></p> <p><strong><a href="https://english.aaj.tv/news/30349930/how-much-petroleum-development-levy-was-collected-in-first-six-months-of-fy2023-24">How much petroleum development levy was collected in first six months of FY2023-24?</a></strong></p> <p>The Prime Minister has stated that the government faces criticism when prices rise but does not receive public appreciation when prices decrease.</p> <p> <figure class='media sm:w-1/3 w-full media--right media--embed media--uneven'> <div class='media__item media__item--newskitlink '> <iframe class="nk-iframe" width="100%" frameborder="0" scrolling="no" style="height:250px;position:relative" src="https://english.aaj.tv/news/card/330369966" sandbox="allow-same-origin allow-scripts allow-popups allow-modals allow-forms"></iframe></div> </figure></p> <p>It is noteworthy that petroleum dealers have opposed granting oil marketing companies the power to set prices. They argue that this could lead to unfair profiteering by these companies.</p> The Pakistani government has decided to relinquish control over petroleum product prices, with Prime Minister Shehbaz Sharif directing the removal of government authority in setting prices.

Following the Prime Minister’s directive, the Petroleum Minister has called a crucial meeting on Thursday to discuss the matter.

The Prime Minister has instructed the Chairman of the Oil and Gas Regulatory Authority (OGRA) to assess the impact of price deregulation and develop a framework for implementation. This framework will be presented to the Prime Minister for final approval.

The government is preparing to grant oil marketing companies the authority to set prices in a phased manner.

Read more:

Petroleum products will be available nationwide, says govt after dealers strike call

Government mulls increasing petroleum levy to tackle circular debt

How much petroleum development levy was collected in first six months of FY2023-24?

The Prime Minister has stated that the government faces criticism when prices rise but does not receive public appreciation when prices decrease.

It is noteworthy that petroleum dealers have opposed granting oil marketing companies the power to set prices. They argue that this could lead to unfair profiteering by these companies.

]]> Pakistan https://english.aaj.tv/news/330371248 Wed, 24 Jul 2024 19:07:27 +0500 none@none.com (Yasir Nazar)