ISLAMABAD: Petroleum Minister Ali Pervaiz Malik said on Thursday that Prime Minister Shehbaz Sharif has directed authorities to immediately pass on the benefit of declining international oil prices to consumers amid easing tensions in the Middle East.

In a social media post, the minister said, “International oil prices are falling, and the prime minister has directed that this benefit be passed on to the public immediately.”

The minister said that “a high-level committee had been constituted to devise a transparent weekly fuel pricing mechanism … so that in the future, whenever needed, the public can understand the reasons for changes in prices.”

Malik added that the work would be completed “in full consultation with all stakeholders”.

The minister also thanked industry partners and the public for helping the government maintain the country’s oil supply chain without major disruptions during the recent period of uncertainty.

“The government is reviewing its energy security paradigm and plans to introduce various measures in the coming months to safeguard national interests,” he said.

Published in Dawn, June 19th, 2026