Senate questions why petrol price cuts remain limi...

Summary

• Islamabad: The Senate Standing Committee on Petroleum has questioned why reductions in petrol and diesel prices have been limited to a few paisas despite the arrival of petroleum consignments in the country and the reported availability of sufficient fuel stocks.
• The committee chairman questioned why consumers were receiving reductions of only a few paisas despite the arrival of petroleum consignments and the availability of sufficient stocks.
• The discussion covered the current petroleum pricing arrangements and the need to keep the public informed about changes in fuel prices and the availability of stocks.

AI Generated Summary

Islamabad: The Senate Standing Committee on Petroleum has questioned why reductions in petrol and diesel prices have been limited to a few paisas despite the arrival of petroleum consignments in the country and the reported availability of sufficient fuel stocks.

During a meeting chaired by Senator Manzoor Ahmed at Parliament House, the committee sought an explanation of the petroleum pricing mechanism and examined how fuel prices are calculated, reviewed and published. The chairman raised concerns over the extent of price cuts and the process through which changes in international oil prices are reflected in prices paid by consumers in Pakistan.