Islamabad (HRNW): Federal Minister for Petroleum Ali Pervaiz Malik has said that the government will pass on the benefit to consumers if global petrol prices decline further, while explaining that the cost of imported refined petroleum products remains higher than pre-war levels.
Speaking to the media at Parliament House, the minister said that all relevant facts had been presented before the National Assembly Standing Committee on Petroleum. He noted that although international crude oil prices have returned to pre-war levels, the price of refined petrol imported by Pakistan remains around US$15 per barrel higher than before the conflict.
Ali Pervaiz Malik stated that Pakistan imports 70 to 80 percent of its petrol requirements, making domestic fuel prices heavily dependent on international market conditions and import costs.
He added that whenever financial room became available, the government had reduced fuel prices, noting that the Prime Minister had previously lowered petrol prices by Rs70 to Rs80 per litre. He reiterated that if global petrol prices continue to fall and import costs decrease, the government will transfer the benefit to the public.
The minister emphasized that fuel pricing decisions are based on international market trends, import costs, and the country’s overall economic considerations.
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Disclaimer:
This report is based on public statements made by the Federal Minister for Petroleum. The figures and policy positions reflect the government’s official stance at the time of the briefing.
