In a significant move to ease the financial burden on the public, Prime Minister Shehbaz Sharif has announced a substantial reduction in fuel prices across Pakistan. During a televised address to the nation, the premier revealed that the price of petrol has been slashed by Rs12, while high-speed diesel has seen a massive drop of Rs135 per litre. These new rates are set to take effect from April 11, providing immediate breathing room for citizens and the transport sector alike.
The Prime Minister explained that the decision follows a decline in global oil prices. Despite proposals to utilize these savings for government expenditures, the premier insisted that the full benefit of the price reduction must be passed directly to the masses. This relief package also includes a Rs17.33 cut for kerosene oil and a Rs25.31 reduction for light diesel oil, aimed at supporting low-income households and agricultural productivity.
Beyond the numbers, PM Shehbaz reiterated his government’s strong commitment to controlling inflation. He noted that over Rs129 billion has already been spent on public relief measures despite tight financial constraints. Crucially, the subsidies for motorcycles and transporters will remain intact, ensuring that the most vulnerable segments of society continue to receive support. The premier particularly highlighted the needs of farmers, emphasizing that reducing input costs remains a top priority to boost the country’s agricultural output.
Interestingly, the address also touched upon Pakistan’s growing role in international diplomacy. Before detailing the economic relief, the Prime Minister briefed the nation on the US-Iran ceasefire, which was brokered by Pakistan. He credited the diplomatic efforts of Ishaq Dar and the strategic support of Field Marshal Asim Munir for bringing both global powers to the negotiating table in Islamabad. This dual focus on economic stability and regional peace signals a proactive approach by the current administration.
