Panel concerned over nominal petrol price cuts
ISLAMABAD: A parliamentary panel on Monday raised concerns over the extent of petroleum price reductions, questioning why prices were being reduced by only a few paise despite the arrival of petroleum consignments in the country and the availability of sufficient stocks. The matter was taken in the Senate Standing Committee on Petroleum which reviewed fuel pricing mechanism, ISGS Employees’…
A parliamentary panel expressed concern over Monday's minimal reduction in petrol prices, questioning why prices only dipped by a few paise despite new petroleum deliveries and ample stock availability. The Senate Standing Committee on Petroleum examined fuel pricing, ISGS employee terminations, and gas connection issues in Quetta.
Senator Manzoor Ahmed led the discussion. The Committee heard about the daily petroleum pricing process, price calculation methods, and the roles of the Petroleum Division, OGRA, and OMCs. OGRA explained that prices had been reviewed monthly before the Iran-Israel war but were now updated daily due to fluctuating oil prices. The government's fuel subsidy program, which has registered 10 million beneficiaries, was also discussed.
The Committee heard complaints from ISGS employees about their terminations, noting the abrupt severance without proper notice. The employees demanded the committee's intervention in the company's hiring and termination practices. The panel criticized the company's abrupt termination of seasoned employees amid high unemployment rates.
The committee deferred decisions on relocating PPL's headquarters and reviewing Jamshoro Joint Venture's ownership. Residents of Qila Mubarik Town, Quetta, continued to struggle with delayed gas connection installations despite funds allocated for the project. The panel held the department responsible for the delay, demanding immediate resolution of the residents' issues.
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