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Pakistan’s petroleum pricing quagmire Petrol station workers wearing face masks wait for customers. PHOTO: AFP Pakistan’s petroleum pricing quagmire The crux of this petroleum snag lies in the pricing mechanism which prevails in Pakistan Petroleum prices continue to be a core talking point in Pakistani politics. The impact is such that decisions related to a price hike or cut are taken by the premier himself every fortnight on the merit of the Oil and Gas Regulatory Authority’s (OGRA) recommendations. In the past, many regimes manifested the desire to deregulate oil pricing but backtracked when they foresaw sizable political repercussions. ....
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