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Pakistan sets June 2027 target to deregulate petrol prices

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Animated editorial illustration for: Pakistan sets June 2027 target to deregulate petrol prices
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At a glance

  • Pakistan's government plans to deregulate petrol prices by June 2027.
  • The reform is reportedly a condition set by the International Monetary Fund (IMF).
  • A committee has also approved principles for managing diesel price shocks.

Story so far

Pakistan's government is moving towards a market-based system for petroleum pricing. A committee has set a target of June 2027 to fully deregulate petrol prices. The plan, reportedly part of an agreement with the IMF, includes a phased transition to protect consumers from volatility. The committee has also approved a new method for calculating the Inland Freight Equalisation Margin (IFEM) and established principles for intervention in the diesel market during price emergencies.

Latest development

Reports indicate the plan to deregulate petrol prices by June 2027 is linked to conditions set by the International Monetary Fund (IMF).

Latest updates

The move to deregulate petroleum prices is reportedly linked to conditions set by the International Monetary Fund (IMF) as part of a broader plan to reform the country’s petroleum pricing mechanism.

Sources and updates

Dawn News

Govt eyes petrol deregulation by June next year

• High-speed diesel to be deregulated at a later stage • Ogra may be empowered to adjust diesel pricing without repeated cabinet approvals • Petroleum price stabilisation fund unlikely to be operationalised ISLAMABAD: The government is unlikely to op

Business Recorder

Tentative deadline set to fully deregulate petrol pricing framework

ISLAMABAD: The Petroleum Division’s Committee set a tentative deadline of June 2027 to fully deregulate the petrol pricing framework. The Petroleum Division’s Committee on Petroleum Pricing reviewed petrol pricing recommendations and set a target dat

Usama MehboobUsama MehboobEditor
Categories: Business & Economy
Tags: , , ,

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