Jun 27, 2018

Committee to implement fuel pricing formula Featured

A committee comprising officials of the Treasury and the Petroleum Resources Development Ministry will be tasked with implementing the fuel pricing formula in a transparent manner, the government has decided.

Cabinet approval has been given for this committee to update the prices of petrol and diesel.

It has previously sanctioned introducing a cost-based pricing formula effective from May 2018 and to update the prices every three months on the basis of the world market prices.