Islamabad: (RightNow) A delegation from the Pakistan Petroleum Dealers Association met with Petroleum Minister Ali Pervaiz Malik. The meeting focused on reforms in petroleum product pricing.

Petroleum dealers praised the government for uninterrupted fuel supply. They stated that despite shortages, fuel distribution remained effective nationwide.

The Petroleum Minister announced that the new daily pricing system will be based on a seven-day rolling average. This system is similar to the weekly pricing model, relying on a seven-day average.

He stated that the daily pricing system will discourage market disruptions and hoarding. This will help stabilize the market.

It is noteworthy that petroleum dealers had demanded that their input be included in regulations between OMCs and dealers. The Petroleum Minister also assured consideration of increasing the margin to 8%.