A PYMNTS Company

Pakistan: Supreme Court calls Secretary Ministry of Petroleum and Natural Resources to justify rising petroleum prices

By  |  October 19, 2012
Pakistan: Supreme Court calls Secretary Ministry of Petroleum and Natural Resources to justify rising petroleum prices

In response to a report of certain recommendations for the Secretary Ministry of Petroleum and Natural Resources, a three-judge bench assembled to address, among other issues, why petroleum prices rose. In response, secretary for ministry of petroleum Waqar Masood denied reports that prices of compressed natural gas were raised without prescribed process for doing so, adding that the ECC approved of those prices; Juscie Khawaja noted that per 18th Amendment, pricing issues no longer remain under the ECC’s control.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: The Tribune

    Related Content: Screens in the Gas Retail Market: The Brazilian Experience

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.