“Petrol price to drop further when….,” Ali Pervaiz Malik clarifies
Key takeaways
- The government has been facing criticism from the public for not slashing petroleum product prices despite a major reduction in crude oil prices in the international market.
- In response to public concerns, Minister Ali Pervez Malik issued a clarification on X (formerly Twitter), explaining the actual factors behind price determination and the government’s point of view.
- Over the last week, Brent crude fell by $9.69, WTI by $8.53, and Arab Light by $4.14.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize ISLAMABAD: Federal Minister for Energy (Petroleum Division) Ali Pervez Malik, explaining the reason behind not reducing petrol prices, stated that further relief will be passed on to the masses once prices in the international market stabilize, ARY News reported.
The government has been facing criticism from the public for not slashing petroleum product prices despite a major reduction in crude oil prices in the international market.
In response to public concerns, Minister Ali Pervez Malik issued a clarification on X (formerly Twitter), explaining the actual factors behind price determination and the government’s point of view.