Transparent petroleum pricing framework expected soon to ease consumer burden, positive signals: Ali Pervaiz Malik

ISLAMABAD, (APP - UrduPoint / Pakistan Point News - 27th Jun, 2026) Federal Minister for Petroleum Ali Pervaiz Malik on Saturday said efforts are underway to ease the burden on consumers within international commitments, adding that a high-level committee set up under the Prime Minister’s directives will oversee transparent price determination, with good news likely for the public in the coming

days.

While speaking to a local media outlet, Minister Ali Pervaiz Malik said that the Prime Minister’s top priority is the protection of consumer rights, adding that a high-level committee has been constituted under his directives to ensure transparency in petroleum pricing and that positive developments are expected soon.

Pervaiz Malik said the government is closely monitoring international oil market trends and urged the public to review the international Platts prices for petrol and diesel this week, noting that pricing decisions are being made on a fair and transparent basis.

The minister stated that the government is neither favoring any sector nor imposing an undue burden on consumers, adding that it remains committed to passing on any available benefit to the public while staying within the framework of international obligations.

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Highlighting the government’s performance, he said that under the leadership of Prime Minister Shehbaz Sharif, petrol prices have been reduced by Rs155 per liter and diesel by Rs200 per liter so far, reflecting consistent efforts to provide relief to the public.

Malik further shared that international Platts benchmark prices for petrol and high-speed diesel (HSD) for the current week show fluctuations in global markets, adding that despite challenging global conditions, including war-related uncertainties, fuel supply has remained stable without shortages.

The minister said citizens can clearly observe that pricing is being handled fairly and transparently and reiterated that the government is working continuously to reduce the financial burden on people in line with PM directives.

Pervaiz Malik concluded that the government will continue to ensure fair, transparent and responsible petroleum pricing, reaffirming its commitment to consumer protection and sustained efforts to provide relief in line with international market conditions and the Prime Minister’s directives.