Traders, industrialists oppose daily fuel price mechanism

KARACHI: Traders and industrialists have strongly opposed the government’s plan to fix fuel prices on a daily basis, warning that the move would create uncertainty for businesses, disrupt industrial operations, and may trigger chaos at petrol pumps.

Business leaders said the proposed mechanism would make it difficult for industries to determine production costs and pricing, while also raising concerns about transparency in the pricing of petroleum products.

Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Aman Paracha, termed the move impractical and said that daily revisions in fuel prices would create unnecessary complications for consumers and businesses alike. “Industries will find it extremely difficult to determine the prices of their products if fuel prices change every day,” he said.

Paracha noted that production costs are closely linked to energy and transportation expenses. Frequent changes in petroleum prices would make it difficult for manufacturers to provide quotations to buyers and manage their operations effectively.

“Industries need stability and predictability to plan their production and pricing strategies. Daily changes in fuel prices will make overall industrial operations more difficult,” he added.

Meanwhile, Asif Sakhi Vice President FPCCI also rejected the proposed policy, saying it would create serious challenges for the business community.

He said Pakistan’s industrial sector is already facing multiple economic challenges, and introducing daily fuel price adjustments would further complicate business activities.

“Industries will face difficulties in accepting and fulfilling orders when production costs fluctuate on a daily basis,” he said, adding that the move could adversely affect both the industrial sector and the national economy.

Sakhi warned that such a policy could cause irreparable damage to economic activity if implemented without proper consultation with stakeholders.

He urged the government to introduce business-friendly policies that promote industrial growth and economic stability instead of measures that increase uncertainty for traders and manufacturers.

Business leaders also cautioned that frequent changes in petroleum prices could create confusion among consumers and lead to disorderly situations at petrol pumps, urging the government to reconsider the proposal and engage with stakeholders before taking any decision.

Copyright Business Recorder, 2026