Govt steps in with Rs125bn to freeze fuel prices

March 30, 2026 (MLN): Pakistan has allocated Rs125 billion to prevent an increase in fuel prices, aiming to protect consumers from the impact of rising global oil prices and escalating regional tensions.

The decision came as part of broader fuel conservation and austerity measures being implemented to ensure economic stability and uninterrupted energy supply.

Authorities confirmed that the country currently holds sufficient petroleum stocks to meet domestic demand, with additional import arrangements for April already finalized.

Despite mounting external pressures, the government has prioritized public relief, absorbing financial costs through budgetary savings and cuts in development spending.

These timely interventions have helped Pakistan avoid fuel shortages, long queues, and supply disruptions issues currently being faced by several other countries.

Efforts are also underway to modernize and streamline fuel management systems.

A digital dashboard has been introduced to monitor petroleum demand, supply, and the overall distribution chain in real time, ensuring better coordination and transparency.

As part of targeted relief initiatives, the government is preparing a fuel support program for motorcycle riders and rickshaw drivers.

A dedicated mobile application is being developed to facilitate efficient delivery of subsidies to eligible beneficiaries.

In addition, provincial governments have been directed to assist motorcycle and rickshaw owners in registering their vehicles under their own names.

This move is expected to digitize vehicle ownership data nationwide and enable more effective implementation of future relief programs.

The public has been urged to support fuel-saving efforts by reducing unnecessary travel and adopting teleconferencing practices in workplaces.

These developments were reviewed during a high-level meeting chaired by Prime Minister Shehbaz Sharif, which was attended by senior government officials including Deputy Prime Minister Ishaq Dar and key federal ministers.

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