Petrol prices were hiked due to advanced purchases.

On behalf of the Ministry of Energy, it was informed in the meeting of the Senate Standing Committee on Petroleum that the federal government says that the price of petrol in the country has increased due to the advance purchase of petrol.

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The meeting of the Senate Standing Committee on Petroleum was chaired by Senator Abdul Qadir. The members of the committee included Engineer Rukhsana Zuberi, Fida Mohammad, Shamim Afridi, Aoun Abbas, Ahmed Umar Ahmadzai, Ataur Rehman, and Saifullah Abro. Concerned officials from the Petroleum Division, OGDCL, and OGRA were also present in the meeting.

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The Committee took strict notice of the absence of the Minister and Secretary of Petroleum. At the committee meeting, the issue of increasing the price of petrol in the country was discussed despite the decrease in global oil prices. The Standing Committee inquired about this from the Ministry.
The committee was told that the reason why petrol was expensive was that the fuel was bought in advance. The second reason is the increase in petroleum development levy every month under the agreement with the IMF. The committee stressed the need to take all possible measures to provide relief to the people.

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