The Oil and Gas Regulatory Authority (OGRA) has been directed by the government to publish daily Platts pricing data on its website, giving the public direct access to the benchmark used to determine prices.
The instruction was issued on Monday by a committee formed by the prime minister to review the petroleum pricing mechanism. The meeting was chaired by Petroleum Minister Ali Pervaiz Malik.
The committee examined international best practices alongside prevailing market conditions as part of a broader assessment of the pricing framework used in Pakistan.
Malik said the review had gained added importance due to the renewed closure of the Strait of Hormuz and the uncertainty it has caused in global energy markets.
Referring to a KPMG study, the minister said petrol prices in Pakistan remain lower than in Bangladesh, Sri Lanka, and Turkiye, and are broadly in line with prices in India.
