Islamabad: Federal Minister for Climate Change, Musadik Malik, announced that the Prime Minister approved a Rs127 subsidy on petrol. The move aims to shield consumers from rising global oil prices and regional tensions. The subsidy affects motorists and the wider public across Pakistan.
Speaking to the media, Malik explained that the government is also providing over Rs200 per liter subsidy on diesel. The step seeks to maintain fuel prices despite instability in Middle East energy markets. Officials stressed that public welfare remains a priority.
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The minister added that government vehicles have been grounded to conserve petroleum products. This measure intends to reduce environmental pollution while saving fuel. Authorities said the initiative will help ease financial pressure on lower-income citizens.
Additionally, luxury vehicle owners will face a Rs200 per liter levy on fuel. Malik warned that unlimited subsidies are unsustainable if international oil prices continue to rise. The government aims to balance relief with fiscal responsibility.
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Earlier this month, petrol prices increased by Rs55 per liter. After the adjustment, petrol costs Rs321.17 per liter and diesel Rs335.86 per liter. Officials emphasized that the subsidy is a temporary measure to manage inflation and energy security.