ISLAMABAD: Economic Co-ordination Committee (ECC) in its next meeting is likely to give permission for the revision of petroleum products’ prices on monthly basis, Geo News reported.
Finance ministry sources told that ECC meeting was expected to be held on November 13.
Following Supreme Court decision, the government had terminated weekly revision of petroleum products’ prices. OGRA has also informed the court of its reservations about the weekly revision of prices, as the refineries, oil marketing companies and the hoarders were taking advantage of it.
National assembly standing committee has also recommended the restoration of the old policy which was based on POL prices revision on a monthly basis and it is expected that the ECC in its next meeting will upheld the NA standing committee advice.
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