'The reduction would bring the prices of the products to their lowest levels in more than 15 years.'
Minister says negotiations with Iran in progress to amend bilateral agreement to cater for change in gas delivery date.
PM appointed another one-man inquiry commission to ascertain criminal liability in the matter of fuel crises.
'The power ministry had finalised an emergency plan to avoid repetition of countrywide power failures.'
Commission set up by the prime minister to investigate the 10-day oil crisis blames almost the entire oil supply chain.
As of now, the government has not been able to finalise import arrangements or its pricing
The PML-N ministers have been opposing the 650MW supply to K-Electric after the expiry of the agreement.
ECC directed the Nepra to build over additional cost of system and managerial inefficiencies into the consumer tariff.
They said sending the petroleum minister to the committee meant the govt had pre-fixed responsibility for the crisis.
The urgent call was made to ensure import of at least 10 shiploads of petrol and furnace oil for two months.
Filling stations in Lahore were seen obliging customers but people in Rawalpindi continued to face difficulties.
Government suspends another senior official of PSO.
The two plants would be initially run on imported coal for which a coal jetty would also be developed.
PM forms inquiry committee, Dar absolves himself of responsibility, Abbasi apologises.
Supply-chain breakdown in the fuel sector has a striking similarity with the one during the 1965 war.
'Emergency measures, including availability of funds for importing petrol and furnace oil are needed to end the crises.'
Ogra on Friday asked the government to completely deregulate or legally empower it to regulate the sector.
Ogra blames OMCs for crises, petroleum minister blames increased demand, finance secretary blames circular debt.
The AMLA 2010 needed to be amended to ward off international isolation and ease operational difficulties.
The relief will be available in the billing month of February after approval by the NEPRA.