Govt eyes petrol deregulation by June next year

• High-speed diesel to be deregulated at a later stage• Ogra may be empowered to adjust diesel pricing without repeated cabinet approvals• Petroleum price stabilisation fund unlikely to be operationalised ISLAMABAD: The government is unlikely to operationalise the recently created Petroleum Prices Stabilisation Fund (PPSF) and instead plans more changes to the pricing mechanism, including complete deregulation of petrol by June 2027, with high-speed diesel to follow at a later stage. A meeting o

Source: Dawn