Govt Plans Petrol Deregulation by June 2027, Diesel to Follow

The government plans to fully deregulate petrol pricing by June 2027, moving towards a competitive, market-based system, with high-speed diesel deregulation slated for a later phase. The Petroleum Prices Stabilisation Fund is unlikely to be operationalised, and Ogra may gain powers to adjust diesel pricing based on crude calculations without repeated cabinet approvals. This shift means consumers will face more frequent price changes and direct exposure to international oil prices and the exchange rate. This long-term policy direction could introduce greater volatility in local fuel costs, potentially impacting Pakistan's inflation outlook and the stability of the PKR.

بحوالہ / Source: www.dawn.com