In a major relief for consumers, Prime Minister Shehbaz Sharif announced a reduction in petrol prices, bringing the rate down to Rs378 per litre.
This move comes just a day after petrol had surged to an unprecedented Rs458 per litre, sparking widespread public concern over fuel affordability across Pakistan.
In his address, Prime Minister said the government has made every effort to shield citizens from rising inflation and global oil price shocks. Speaking on national relief efforts, he highlighted that Pakistan has spent Rs129 billion from national resources over the past three weeks to prevent fuel price surges from directly impacting the public.
He stressed that Pakistanis, working hard daily to provide for their families, should not bear the brunt of international crises, noting that recent global oil price spikes have strained even the world’s strongest economies.
The Prime Minister outlined measures announced after extensive national consultation, including Rs100 per litre subsidy for motorcycles, support for goods and public transport vehicles, and Rs1,500 per acre assistance for small farmers. He also confirmed that Pakistan Railways will maintain economy-class fares without increase.
Expressing hope for peace in the region, Shehbaz Sharif said the government, alongside military and provincial leadership, continues to work tirelessly to ensure stability. He lauded national unity and cooperation as essential to confronting the country’s current challenges.
Yesterday, the government raised increased the petrol price which stood at Rs458 pet litre by citing rising global oil prices and regional supply pressures as the key factors behind the sudden spike, which had added significant strain to household budgets and transportation costs.
The Prime Minister emphasized that the reduction is part of the government’s ongoing efforts to ease the economic burden on citizens while balancing fiscal constraints.
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