Pakistan, July 30 -- Petroleum Minister Ali Pervez Malik said Pakistan's petroleum prices are linked to international fuel markets, particularly Singapore's market. He said global price movements directly influence domestic petrol and diesel rates. The statement came during a Senate committee meeting on petroleum issues.

Addressing the media, Ali Pervez Malik said petrol and diesel prices in Pakistan are not based on crude oil prices alone. He explained that rates are connected with international petrol and diesel prices. He added that global market trends determine local fuel adjustments.

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Meanwhile, the Oil and Gas Regulatory Authority chairman briefed the Senate S...