Petroleum Minister Ali Pervaiz Malik on Friday said that fuel prices would now be fixed on a daily basis due to fluctuations in international market prices following renewed hostilities between Iran and the US. The government had been announcing weekly revisions to fuel prices since early March, alongside measures for the conservation of fuel amid possible oil supply disruptions due to the ongoing conflict in the Middle East. The federal government in April also announced targeted relief measures to provide subsidised fuel. Addressing a press conference alongside Information Minister Attaullah Tarar, Malik thanked the nation on behalf of the government, saying that people had “patiently tried to bear the burden of this war”. He noted that despite the efforts…

Source: Dawn – Latest News

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