Prime Minister Shehbaz Sharif announced that petroleum prices will not rise despite a global increase, aiming to ease public burden. This decision matters as Pakistan faces rising international oil rates following the US-Israel attacks on Iran. Citizens and businesses will benefit from price stability for petrol and diesel.
The PM said timely government policies, austerity measures, and financial discipline are helping manage the economic impact. He emphasized that provincial governments are supporting the Centre’s austerity initiatives. Shehbaz highlighted that diplomatic and economic efforts have secured sufficient crude oil supplies for national requirements.
Read more: PM Shehbaz orders strict action against fuel hoarders nationwide
Officials confirmed that federal and provincial authorities are ensuring no one pays above government-set fuel prices. The Prime Minister also prayed that the global oil situation improves, stabilizing prices in Pakistan. He stressed that the government is proactively mitigating further economic pressure on citizens.
وزیرِ اعظم محمد شہباز شریف کا عالمی منڈی میں تیل کی مزید قیمتیں بڑھنے کے باوجود عوام سے کئے گئے وعدے کے مطابق اس مرتبہ پیٹرولیم مصنوعات کی قیمتیں نہ بڑھانے کا فیصلہ
عام آدمی پر بوجھ کم کرنے کے لیے، قیمتوں میں اضافہ نہیں کیا جا رہا۔
اپنے وعدے کے مطابق جس قدر ہو سکا، ان مشکل… pic.twitter.com/MT27Gfapdb
— PTV News (@PTVNewsOfficial) March 13, 2026
This announcement comes after a recent Rs55 per litre increase in petrol and diesel due to the Iran war, which disrupted global oil supply. The government had also implemented various austerity measures to manage the crisis effectively. Officials noted that emergency block allocations could absorb any future price spikes.
Read more: Government cuts fuel supply for official vehicles by 50%
Shehbaz emphasized that no emergency currently threatens Pakistan more than fuel supply disruptions following international conflicts. He reassured the nation that the government and military leadership are jointly monitoring the situation. This proactive approach aims to maintain economic stability despite global uncertainty.