Petroleum Minister Ali Pervaiz Malik says rising international crude oil prices and regional uncertainty are making fuel pricing decisions increasingly difficult for the government.
Pakistan’s Petroleum Minister Ali Pervaiz Malik has said the government is facing increasing pressure to adjust domestic petroleum prices after a sharp rise in global crude oil prices over the past two weeks.
Speaking to a private television channel, the minister explained that the ongoing uncertainty in the region has disrupted international oil markets, making fuel pricing decisions more challenging. He said petroleum prices are currently being assessed on a daily basis to reflect rapidly changing global market conditions.
Malik emphasized that the government is maintaining transparency by sharing all relevant pricing details with the public. He noted that international market volatility has significantly reduced the government’s flexibility in managing domestic fuel prices.
The minister also revealed that petroleum dealers have requested an increase in their profit margins, adding another layer of pressure to the pricing mechanism. He said the current petroleum levy remains below the level it was before the conflict-related market disruptions.
According to Malik, the government must balance multiple challenges, including rising international oil prices, dealer concerns, and the need to ensure uninterrupted fuel supplies across the country. He warned that any protests or shutdowns by petrol pumps could further complicate the situation and disrupt fuel distribution.
He added that concerns over oil availability in the market are also influencing pricing decisions, as authorities seek to prevent supply shortages while responding to global economic pressures.
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