Pakistan, July 18 -- Petroleum Minister Ali Pervaiz Malik on Saturday held consultations with industry stakeholders on the government's proposed daily petroleum pricing mechanism. The reform aims to deregulate the fuel sector, improve transparency, and make retail prices more responsive to market conditions. Officials said the new system is part of a broader shift toward a market-based pricing regime.

The high-level meeting included representatives from the Oil and Gas Regulatory Authority (OGRA), Oil Companies Advisory Council (OCAC), Oil Marketing Association of Pakistan (OMAP), refineries, oil marketing companies, and the Petroleum Division. Participants discussed implementation challenges and provided feedback to support a smooth tra...