Pakistan on Monday extended its nationwide austerity drive and fuel conservation measures until June 13 as uncertainty surrounding the Middle East conflict continues to pressure global oil markets. The Cabinet Division issued a formal notification after Shehbaz Sharif approved the extension on the recommendations of the implementation committee. According to the notification, the government will […]
Rs378 Petrol Explained: How Much Goes to Taxes and Profits
Pakistan’s petrol price currently stands at Rs378 per litre after the government announced a major reduction of Rs80 per litre in the petroleum levy. The revised rate came into effect on April 4, 2026, offering temporary relief to consumers following a sharp spike that had pushed prices above Rs458 per litre just a day earlier. […]
Who Can Get Subsidised Petrol in Pakistan and How? Complete Guide
Pakistan’s government is moving toward a targeted petrol subsidy system aimed at providing relief to low income citizens, particularly motorcycle riders, rickshaw drivers and small vehicle owners who are most affected by rising fuel prices. The initiative is part of broader efforts to shift from blanket subsidies to a more controlled and transparent distribution system […]
PM Shehbaz Sharif rejects fuel price hike, orders framework to ensure relief reaches the poor
Prime Minister Shehbaz Sharif has rejected a summary proposing an increase in petrol and diesel prices, offering immediate relief to consumers already burdened by rising inflation. The decision came despite strong pressure from global oil markets, where prices have surged due to escalating tensions in the Middle East. According to officials, the proposal to increase […]
PM Shehbaz Announces Austerity Plan as Iran War Triggers Fuel Crisis
Prime Minister Shehbaz Sharif on Monday unveiled a series of austerity measures aimed at conserving fuel and reducing government expenditure as Pakistan faces economic pressure from the global fuel crisis triggered by the war in the Middle East. In a televised address to the nation, the prime minister said the government had held consultations earlier […]
Illegal Petrol Hoarding Will Lead to Premises Being Sealed: OGRA
Pakistan’s energy regulator has issued a strong warning against illegal hoarding of petroleum products as concerns grow over fuel supply disruptions linked to the ongoing Middle East crisis. Authorities say strict action will be taken against individuals or businesses attempting to store fuel illegally to create artificial shortages and profit from rising prices. The Oil […]
Pakistan Holds Four Weeks of Fuel as Global Oil Routes Face Disruption
Pakistan currently has enough petroleum reserves to meet domestic demand for about 28 days, according to officials from the Oil and Gas Regulatory Authority. Authorities say the country built these reserves as a precaution amid escalating tensions in the Middle East. Officials explained that surplus fuel imports in recent months helped maintain a comfortable stock […]