Vehicles lined up at the Pakistan State Oil petrol pump in this undated photo. — Online/FileCurrently, petroleum prices are revised on weekly basis.PM-formed committee prefers daily pricing mechanism. Model expected to be hybrid system rather than deregulation.ISLAMABAD:…
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A representational image of a fuel station staffer updating the fuel prices in Karachi. — AFP/ FileNew fuel prices to take effect from May 23.Petrol price now stands at Rs403.78 per litre.High-speed diesel price falls to Rs402.78 per litre.
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PM directs finance ministry to take up fuel levy issue with IMF

People wait for their turn to get fuel at a petrol station, amid the US and Israeli conflict in Iran, in Karachi, March 6, 2026. — Reuters Govt has spent Rs129bn on fuel subsidy.Fuel levy imposed as part of IMF conditions.Source says PM wants less burden on people.<p…
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