Members of the Senate Standing Committee on Finance had been warned that petrol costs in Pakistan might rise dramatically if the continued regional battle continues to disrupt world oil markets.
Through the committee assembly chaired by Senator Saleem Mandviwalla, lawmakers had been advised that the volatility in worldwide crude oil costs might finally push home gas costs as excessive as Rs. 500 per litre.
Finance Minister Muhammad Aurangzeb stated world petroleum markets had been experiencing sharp fluctuations attributable to geopolitical tensions within the area.
Petroleum Minister Ali Pervaiz Malik stated the federal government is carefully monitoring world costs and making choices primarily based on evolving worldwide market situations.
He added that the federal government would overview world oil costs once more earlier than making the following determination on home petroleum charges.