📌 Key Highlights & Quick Takeaways:
- Islamabad (November 1, 2026): In the context of Iran-US tension, the procedure for determining the prices of petroleum products has been cha.
- According to the information received by ARY News from the sources, in the context of Iran-US tension, the procedure for determining the pri.
- Sources said that now the import price of petrol will be determined based on the actual import cargo cost of PSO. In case of cost unavailabi.
Islamabad (November 1, 2026): In the context of Iran-US tension, the procedure for determining the prices of petroleum products has been changed again.
According to the information received by ARY News from the sources, in the context of Iran-US tension, the procedure for determining the prices of petroleum products has been changed again and after the approval of the cabinet, the petroleum division has issued a new formula to the refineries.
Sources said that now the import price of petrol will be determined based on the actual import cargo cost of PSO. In case of cost unavailability, the use of last cargo premium, additional costs will be allowed and refineries will be able to set the price of petrol at the level of March 7, 2026 for the next 30 days.
Refineries will be allowed to keep the premium, surcharge and customs duty at the March 7 level while the difference between import and ex-refinery price will have to be deposited by the refineries towards petroleum levy.
Sources say that the benefit of the change in petroleum levy will be passed on only to petrol consumers, who will get it in the form of a reduction in the price of petrol.
