The prime minister is moving to deregulate oil prices
The federal government has decided to transfer the power to set oil prices from the state to oil trading companies, sources revealed on Wednesday. Laborers said Prime Minister Shehbaz Sharif had ordered an end to the government’s role in setting oil prices, prompting Oil Minister Musadik Malik to convene a crucial meeting scheduled for tomorrow. The government is preparing to gradually hand over pricing power to oil trading companies. The Chairman of the Oil and Gas Regulatory Authority (OGRA) has been tasked with assessing the impact of oil price deregulation and developing a strategic framework. The final deregulation framework will
