Islamabad, July 20, 2026(Ghufran): Federal Minister for Petroleum Ali Pervaiz Malik on Monday reaffirmed the Government’s commitment to building a transparent, competitive, and consumer-friendly petroleum market during a meeting with a delegation of the Pakistan Petroleum Dealers Association (PPDA), which expressed its support for the Government’s petroleum pricing reforms and deregulation agenda.
The PPDA delegation, led by Chief Adviser Malik Khuda Baksh, met the Minister to discuss petroleum pricing reforms, deregulation, operational matters concerning petroleum dealers, and measures aimed at strengthening the country’s fuel supply system.
The delegation appreciated the Government’s effective management of petroleum product supplies during the challenges arising from the Strait of Hormuz crisis. They commended the Ministry of Petroleum for ensuring uninterrupted fuel availability across the country despite regional uncertainties.
PPDA Chief Adviser Malik Khuda Baksh praised the Government’s timely and effective response, noting that while several neighbouring countries experienced disruptions and law and order challenges due to fuel shortages, Pakistan successfully maintained smooth petroleum supplies. He assured the Minister of the Association’s full support for the Government’s reform initiatives.
Briefing the delegation on the proposed transition from weekly to daily petroleum price notifications, Minister Ali Pervaiz Malik explained that the new mechanism would be based on a seven-day rolling average of international petroleum prices. He said the previous system also relied on a seven-day average, but the revised mechanism would update prices daily to enhance transparency, reduce market distortions, and more accurately reflect international market trends.
The Minister emphasized that the Government is steadily moving towards a market-driven pricing system that promotes transparency while safeguarding consumer interests. He noted that periodic price announcements had increasingly led to speculative activity and hoarding, creating unnecessary distortions in the market. The new pricing framework, he said, would discourage such practices and ensure a smoother, more predictable, and transparent pricing regime.
The PPDA welcomed the proposed daily pricing mechanism and expressed its support for the Government’s efforts to modernize the petroleum sector.
During the meeting, the delegation requested that petroleum dealers be consulted in the formulation of rules and operational arrangements between Oil Marketing Companies (OMCs) and dealers. The Minister assured the delegation that their input would be fully considered in the policymaking process.
The delegation also highlighted the issue of pending revisions to dealers’ margins and requested that margins be increased to eight percent. Minister Ali Pervaiz Malik assured the delegation that the matter would be actively pursued and announced that a meeting between PPDA representatives and the Oil and Gas Regulatory Authority (OGRA) would be held the following day to discuss dealers’ margins and other outstanding issues in detail.
Concluding the meeting, the Petroleum Minister thanked the PPDA leadership for its constructive engagement and continued support for the Government’s reform agenda. He reaffirmed the Government’s resolve to work closely with all stakeholders to strengthen the petroleum sector, enhance transparency, promote fair competition, and protect the interests of consumers.
The PPDA delegation included Chief Adviser Malik Khuda Baksh, Raja Waseem Kayani, Chaudhry Zafar Elahi, Babar Ali Chaudhary, and Chaudhry Faisal Arif.