Targeted fuel subsidy may return if Gulf tensions persist

• Govt stands firm on petroleum pricing deregulation plan • Petroleum minister defends daily pricing, claims ‘transparent’ mechanism protects consumers from price shocks • Senate panel directs Ogra to submit proposal that addresses dealers’ concerns ISLAMABAD: Undeterred by public criticism, the government on Thursday indicated it could reintroduce targeted fuel subsidies within the next few days, with financial support from the provinces, if renewed tensions in the Middle East persisted, and...

By [email protected] (Khaleeq Kiani)