The Ministry of Petroleum and Mineral Resources announced that the Automatic Pricing Committee for Petroleum Products had decided to maintain the current prices of petroleum products, with no increases or reductions, for the July–September 2026 quarter.
The decision followed the committee’s assessment of the key variables underpinning the automatic pricing mechanism, particularly movements in the exchange rate and fluctuations in the price of Brent crude oil per barrel, compared with the preceding quarter.
The committee’s review also took into consideration developments in domestic and international markets that influence the pricing formula, alongside global trends in petroleum product prices and the pricing measures implemented in recent months.
The decision came following the Cabinet’s earlier directive to resume the operations of the Automatic Pricing Committee for Petroleum Products.
Having examined the relevant economic and market indicators, the committee determined that prevailing prices should remain unchanged for the quarter under review.
