The Government of Pakistan is considering changing how petrol and diesel prices are set, moving from a fortnightly schedule to weekly updates amid rising global oil market volatility. Officials say the shift is aimed at keeping domestic fuel markets stable and more responsive to fast-changing international prices caused by regional tensions and supply disruptions.
Under the current system, fuel prices are reviewed every 15 days, but sudden swings in global crude costs have put pressure on distributors, refiners, and consumers. A weekly review could reduce the gap between what local sellers pay for imported fuel and the prices charged at the pump, discouraging hoarding or sharp retail markups when costs climb quickly.
Officials told media that the proposal is part of broader contingency planning as Pakistan navigates uncertainty around the Strait of Hormuz and global energy routes. The government is also examining ways to compensate oil companies for higher insurance, freight, and import costs to keep supplies steady even if prices continue to move rapidly overseas.
Energy experts say that a weekly pricing mechanism could help reflect real-time shifts in international benchmarks such as Brent crude, which have climbed in recent weeks due to geopolitical risks. Frequent adjustments might help ensure a closer alignment between global trends and local retail prices, potentially reducing large adjustments at once that can surprise households and businesses.
At the same time, authorities emphasise that an uninterrupted fuel supply is a priority, and any pricing policy must balance consumer affordability with industry viability.
The cabinet committee responsible for monitoring fuel markets is expected to finalise recommendations soon, and a decision on whether to adopt the weekly review system may be announced in the coming days.