Rana Sanaullah signals further reduction in petrol price
Key takeaways
- Exclusively talking to ARY News, Rana Sanaullah said the government has formed a dedicated team to monitor developments in petroleum markets and assess their impact on domestic petrol prices.
- He noted that global oil prices had surged during the US-Israel and Iran conflict amid concerns over regional stability and potential disruptions to energy supplies.
- According to the adviser, oil marketing companies were required to purchase fuel at elevated prices during the period of volatility to maintain adequate stock levels.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize ISLAMABAD: Prime Minister’s Adviser Rana Sanaullah has indicated that petrol prices in Pakistan may decline further as international oil prices continue to ease following the de-escalation in US-Iran tensions.
Exclusively talking to ARY News, Rana Sanaullah said the government has formed a dedicated team to monitor developments in petroleum markets and assess their impact on domestic petrol prices.
He noted that global oil prices had surged during the US-Israel and Iran conflict amid concerns over regional stability and potential disruptions to energy supplies. In response to the uncertainty, the government had adopted a weekly review mechanism for petroleum prices.