US EditionPM Shehbaz Again Rejects Increase in Petrol, Diesel Prices
Prime Minister Shehbaz Sharif rejected a proposed fuel price hike and announced the government will absorb a Rs56 billion cost to shield consumers amid rising global oil prices.
- On Friday, Prime Minister Shehbaz Sharif rejected a summary recommending petrol price increases of Rs95 per litre and HSD increases of Rs203 per litre, deciding instead that the government would absorb the costs.
- The crisis stems from the US-Israeli war on Iran beginning February 28, which destabilized global fuel markets and prompted Pakistan to pursue diplomatic efforts with Iran and Gulf countries for regional peace.
- To maintain current prices—Rs322 for petrol and Rs335 for HSD—the government will bear Rs56bn this week, extending a historic Rs125bn burden absorbed over three weeks to shield citizens from cost increases.
- Supporting this stance, the Centre and provinces agreed to launch a mobile application-based fuel quota system for two- and three-wheelers, while austerity measures including a Rs100 development budget cut enabled the subsidy.
- Shehbaz warned of a "storm of inflation" and urged public cooperation for a comprehensive plan arriving soon, while Foreign Minister Ishaq Dar and Field Marshal Asim Munir advance diplomatic peace initiatives with regional partners.
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Islamabad PostPM Shehbaz rejects summary to hike petrol, diesel prices, again
Govt to bear fuel cost burden, not passing to public: PM Shehbaz.Says he rejected summary to hike petrol price by Rs95, diesel Rs203.Adds petrol should be Rs544, but govt providing it at Rs322.Prime Minister Shehbaz...
PM again rejects increase in petrol, diesel prices
F.P. Report ISLAMABAD: Prime Minister Shehbaz Sharif has rejected a summary to hike petrol and high-speed diesel (HSD) prices once again despite a surge in global oil rates. The prime minister announced maintaining petrol and diesel prices during an address to the nation. The statement comes as the federal govt was scheduled to review the fuel prices on March 27 (today). On March 20, the government maintained the petrol and diesel prices. Addres…
PM Shehbaz promises oil relief, firmly rejects major fuel price hike - THE DESTINATION
PM – (Web Desk) – Prime Minister Shehbaz Sharif spoke to the nation on Friday evening. He said the government is doing everything it can to protect people from rising fuel prices. He also spoke about efforts to keep peace in the region. The PM said Pakistan is dealing with two big problems right now. […] The post PM Shehbaz promises oil relief, firmly rejects major fuel price hike appeared first on THE DESTINATION.
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