Petroleum Minister Ali Pervaiz Malik announced that fuel prices will be fixed daily due to fluctuations in international market prices caused by renewed hostilities between Iran and the US.

Addressing a press conference alongside Information Minister Attaullah Tarar, Malik emphasized the government's efforts to manage the crisis, acknowledging the burden on citizens.

He stated that the Oil and Gas Regulatory Authority (OGRA) will determine daily fuel prices based on international market trends, ensuring transparency by publishing both rates and factors influencing prices.

Malik highlighted that while the decision may add financial strain, it aims to make the system more transparent and align domestic prices with global markets.He also noted recent reductions in diesel and petrol prices following international market drops, and mentioned that levies remain low.The government's move is part of broader efforts to enhance transparency and reduce indirect taxation.Malik stressed that price adjustments will follow a seven-day weekly average of international prices, marking a step toward deregulation.The decision reflects the ongoing impact of geopolitical tensions on Pakistan's economy and fuel policy.