Oil Sector Rejects New Price Formula, Warns of Supply Chain Disaster

The domestic oil sector has voiced strong opposition to the government's latest price formula, warning that this marks the ninth intervention since the crisis began and could lead to a disastrous breakdown in the supply chain. Industry stakeholders fear that such frequent and unworkable interventions will destabilize operations and hinder fuel availability. This rejection signals potential domestic fuel price volatility and supply issues, which could contribute to inflation and put pressure on the Pakistani Rupee, indirectly influencing local gold prices.

بحوالہ / Source: tribune.com.pk