Petroleum minister vows transparency on fuel price...

Summary

• Federal Petroleum Minister Ali Pervaiz Malik has acknowledged growing public hardship caused by rising fuel prices, saying the government understands the difficulties faced by consumers and is providing transparent information about how petrol prices are determined.
• During the meeting, committee member Mueen Amir Pirzada highlighted the difficulties being faced by the public and urged the government to reconsider the impact of high oil prices on consumers.
• The minister maintained that the government was openly informing consumers about the prices calculated under the prevailing international market and domestic pricing conditions.

AI Generated Summary

Federal Petroleum Minister Ali Pervaiz Malik has acknowledged growing public hardship caused by rising fuel prices, saying the government understands the difficulties faced by consumers and is providing transparent information about how petrol prices are determined.

Speaking at a meeting of the National Assembly’s Standing Committee on Petroleum, chaired by Mustafa Mahmood, the minister said regional tensions had created a serious disruption in global oil supplies. The crisis has affected the availability and prices of petrol, diesel and crude oil.