THE government’s move to daily petroleum price adjustments should make fuel pricing more transparent and more closely aligned with global market and exchange rate trends. Under the new system, Ogra will set prices daily, using Platts benchmark rates, and disclose all price components to improve transparency. The mechanism ensures that global price changes are passed on to consumers promptly, reducing delays and limiting political intervention. Introduced amid conflict-driven volatile global oil markets, the daily adjustments are expected to distribute the impact of global price hikes more gradually. Besides reducing the frequency and........

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