In a move that could provide some relief to consumers, the government is likely to keep petrol prices unchanged for the upcoming fortnight. According to sources within the Ministry of Finance, the authorities are leaning towards maintaining the current price levels, primarily due to a stable global oil market and the nation’s efforts to control inflation.
Over the past few weeks, international crude oil prices have fluctuated but remained within a manageable range, which has enabled the government to avoid any significant increases in local fuel costs. This decision, if confirmed, is expected to ease pressure on consumers who have been facing rising costs in other essential commodities.
The finance ministry, along with the Petroleum Division, is reportedly reviewing the latest data on international oil prices and the exchange rate. While the final decision will be announced soon, officials believe that keeping prices stable will help alleviate the financial burden on the public, particularly in light of ongoing economic challenges.
However, while the decision to freeze petrol prices might bring temporary relief, experts warn that future adjustments could depend on global market trends and exchange rate fluctuations. The government’s focus remains on balancing consumer protection with the need to manage the national budget and avoid excessive subsidies.
The official announcement regarding petrol prices for the next fortnight is expected in the coming days, and many are hopeful that the current rates will be maintained to provide much-needed stability in the energy sector.
