Overview
- Dealers postponed a planned 24-hour nationwide shutdown on Wednesday after talks with Petroleum Minister Ali Pervaiz Malik and a written government assurance to address long-pending profit-margin demands.
- The government will operate the new daily fuel-pricing formula on a two-week trial and then review its effects with petrol sector organisations.
- The Oil and Gas Regulatory Authority will publish Urdu-language breakdowns of every price component while the government will submit a summary of proposed margin adjustments to the federal cabinet.
- Authorities have empowered the FIA, the Intelligence Bureau and district administrations to crack down on fuel hoarding, black-market sales and artificial shortages during the trial period.
- Dealers have sought a margin review since 2022 and the outcome could change how commission gains are shared at pumps while daily revisions mean consumers may see rates update every working day to reflect global oil and import costs.