Skip to main content
Toggle Side Panel
Close search

I only implement global fuel prices, says Petroleum Minister Ali Pervaiz Malik

Animated editorial illustration for: I only implement global fuel prices, says Petroleum Minister Ali Pervaiz Malik
0:000:00
AI-assisted editorial illustration — not a photograph.
Share

At a glance

  • Petroleum Minister says he only implements daily fuel price changes from global markets.
  • Government has restarted offshore oil and gas exploration after 20 years.
  • Minister claims flow of new circular debt is near zero without tariff hikes.

Story so far

Pakistan's government is undertaking reforms in the energy sector amid ongoing challenges with fuel pricing and circular debt. Petroleum Minister Ali Pervaiz Malik has stated that domestic fuel prices are directly linked to daily global market changes. The government is also working with the IMF on managing legacy circular debt and is restarting offshore exploration to enhance long-term energy security.

Latest development

Petroleum Minister Ali Pervaiz Malik has clarified that he only implements daily fuel price adjustments based on international market fluctuations, rather than setting them himself. Speaking at an energy conference, he also announced that offshore oil and gas exploration has resumed after a 20-year hiatus.

Sources and updates

Such News - Youtube

Ali Pervez Malik Clarifies His Role in Petrol Price Decisions | Such News

Dunya News - Youtube

Energy Sector Reforms Underway in Pakistan | Ali Pervaiz Malik’s Important Speech | Dunya News

Categories: Business & Economy
Tags: , , ,

Responses

>

Report

Harassment or bullying behavior
Contains mature or sensitive content
Contains misleading or false information
Contains abusive or derogatory content
Contains spam, fake content or potential malware

Block Member?

Please confirm you want to block this member.

You will no longer be able to:

  • See blocked member's posts
  • Mention this member in posts
  • Invite this member to groups
  • Message this member
  • Add this member as a connection

Please note: This action will also remove this member from your connections and send a report to the site admin. Please allow a few minutes for this process to complete.

Report

You have already reported this .