Fuel prices to be revised every 15 days. The Economic Coordination Committee approved the proposal to change the prices of petroleum products after 15 days.
According to details, a meeting of the Economic Coordination Committee was held under the chairmanship of Finance Advisor Hafeez Sheikh in which the modalities of fixing the prices of petroleum products were reviewed.
The meeting approved the proposal to change the fuel prices after 15 days and now with the approval of the Cabinet, the prices will be fixed on a 15-day basis from August 1.
Under the new procedure, it will be possible to prepare the prices for 3 months in advance. The meeting also considered the prices of petroleum products for the next month.
According to a statement issued here, the ECC has also approved the import of 300,000 tonnes of sugar. With the import of sugar, abundant reserves will be available till the beginning of next season.