Pakistan, March 5 -- Pakistan is considering shifting to a weekly review mechanism for petroleum product price as authorities assess the potential impact of escalating tensions in the Middle East following recent military strikes involving Israel, the United States, and Iran. Officials say the move is being discussed to manage market uncertainty and discourage fuel hoarding.

According to government sources, various proposals are under consideration to determine petrol and diesel prices on a weekly basis instead of the existing fortnightly system. The discussion gained urgency after disruptions linked to the Strait of Hormuz, a vital global oil supply route, raised concerns about potential volatility in international energy markets.

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