Islamabad: The Economic Coordination Committee (ECC) is likely to allow the adjustment petroleum products’ prices on monthly basis in its next meeting.
According to the sources of the finance ministry, the next meeting of the ECC is due to be held tomorrow (Tuesday). The committee would take the decision after the consent of the National Assembly on the matter.
Earlier, Oil and Gas Regulatory Authority (Ogra) had expressed its reservations on the method of fixing the prices on monthly basis, observing that refineries, oil marketing companies and profiteers were taking advantage of the method. Moreover, the government had slashed the method after a verdict of the Supreme Court in this regard.
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