ISLAMABAD (HRNW): In a high-stakes televised address to the nation, Prime Minister Shehbaz Sharif has announced a significant reduction of Rs 80 per litre in petrol prices, bringing the new rate down to Rs 378 per litre. The move comes as a direct response to the immense economic pressure on the common man caused by regional instability and global energy market volatility.
National Consensus and Strategic Decisions
The Prime Minister emphasized that this relief package is the result of extensive national consultations held at the Presidency, involving the President of Pakistan, all four Provincial Chief Ministers, the Prime Minister of Azad Jammu & Kashmir, and top military leadership.
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Economic Reality: “I am fully aware of the hardships the average Pakistani faces,” the PM stated. He acknowledged that while oil prices are skyrocketing across the region and inflation is crippling even powerful global economies, the government has prioritized public relief despite limited national resources.
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Diplomatic Stance: He expressed hope for an immediate end to the regional conflict (referencing the ongoing war involving Iran) to restore peace and economic stability to the area.
Comprehensive Subsidy and Support Package
Beyond the direct reduction in petrol prices, the Prime Minister detailed a multi-sectoral support plan to stabilize transport costs and support the agricultural sector:
| Category | Monthly Subsidy / Relief |
| Public Transport (Buses) | Rs 100,000 |
| Large Trucks | Rs 80,000 |
| Small Trucks | Rs 70,000 |
| Freight Vehicles | Rs 100 per litre subsidy |
| Small Farmers | Rs 1,500 per acre financial aid |
Protecting the Common Man
In a move to safeguard low-income commuters, the Prime Minister confirmed that Pakistan Railways will not increase fares for Economy Class.
He extended his gratitude to the Provincial Chief Ministers for their immediate commitment to providing the necessary provincial resources to fund these subsidies. The Prime Minister concluded by reiterating that while global conditions remain challenging, the government is committed to shielding its citizens from the worst effects of international inflation.
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