Today is September 19, and inflation-stricken masses have been waiting for the drop in Petrol prices for the last four days – a relief the incumbent government promised.
Earlier, media reports speculated that POL prices would be reduced on September 15, but the government announced no change.
Later, stating that petroleum prices would be reduced or increased by Rs. 0.80, Federal Minister for Finance and Revenue Miftah Ismail said that the final decision would be taken on Sunday. And again, the government is still unable to settle this wave of uncertainty.
Miftah Ismail said that the whole world is standing with Pakistan. He further informed, “Pakistan is likely to get $1.5 billion from the Asian Development Bank this month, and Qatar will invest $3 billion in Liquefied natural gas (LNG) plants, solar and stock exchange.”
Petrol Prices In Pakistan Likely To Deregulate From November 1
When back-to-back increase in petrol price has escalated the prevailing financial turbulence and shattered the incumbent government, the ruling pundits have decided to make things simple.
Weeks ago, the government took a step and agreed to deregulate the petrol products prices under the newly proposed mechanism.
After the recent meeting held between Oil Marketing Companies (OMCs) and Oil and Gas Regulatory Authority (OGRA), reports have disclosed that petrol prices in Pakistan are likely to deregulate from November 1, 2022.
On the other hand, petroleum dealers have rejected the decision stating that the Oil and gas Regulatory has not even bothered to consult them on the matter. Pakistan Petroleum Dealers Association (PPDA) rejected the policy in a ceremony.
What do you think about the upcoming reduction in petrol prices? Will the government end this joke soon? Drop your thoughts in the comment section.
