No more cushion to give subsidy on petroleum products: Asim

E-Paper | June 14, 2026

Dr. Asim Hussain said that being an independent regulator, Oil and Gas Regulatory Authority (OGRA) fixes prices of petroleum products rather than the petroleum ministry. -File Photo

ISLAMABAD: Minister for Petroleum and Natural Resources Dr. Asim Hussain on Thursday said that the government has no more cushion to give subsidy on petroleum products.

Replying to a point of order raised by MQM lawmaker Haider Abbas Rizvi in the Joint Sitting, the minister said that the government has already providing subsidies on electricity, gas and fertilizer and it was too difficult for it to give more subsidies.

He said that being an independent regulator, Oil and Gas Regulatory Authority (OGRA) fixes prices of petroleum products rather than the petroleum ministry.

The minister said that prices of petroleum products included, internal freight, oil marketing companies fixed margin, dealer margin, petroleum levy and general sales tax (GST).

He said that after the NFC award, the provinces and federation have 70 and 30 per cent share in GST respectively and the provinces should also come forward to give more relief to the masses.

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Mark Molacek

Apr 05, 2012 06:32pm

In general, government subsidies should be eliminated......particularly on commodities like pertroleum, gas, electricity, fertilizer......i.e. for anything that is in short supply, mostly imported or less costly to import. Except to minimize pricing manipulation, government should simply let the market set the price. Politicians must accept that market forces will always set the price and that any 'price-fixing' by government will invariably cause upsets in the supply chain. Whether it is atta, sugar, petrol or natural gas-------if the price is not market driven, there will be severe problems.

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rashid zaidi, Ca. US

Apr 05, 2012 06:37pm

About time, renue should be the next goal.Get all the tax dodgers and corruption will be deminished.

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