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Refineries to absorb Rs15bn monthly burden to avert petrol price hike: minister
Pakistan’s oil refineries will bear an estimated Rs15 billion monthly burden to help the government prevent a Rs15 per litre increase in petrol prices amid rising international oil prices, Petroleum Minister Ali Pervaiz Malik said on Monday. Addressing a press conference alongside Information Minister Attaullah Tarar in Islamabad, Malik said Prime Minister Shehbaz Sharif had consulted oil refineries on possible measures to shield consumers from the impact of rising global fuel prices. “I am grateful to all the refineries that saw the public is in difficulty and with the government’s help … inc...
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