Prime Minister Muhammad Shehbaz Sharif said the government has decided not to increase petroleum product prices this time, even though oil prices are rising in the international market. He said the decision was taken to reduce the burden on ordinary citizens.
The prime minister said the government wants to provide maximum relief to people according to its promise. He added that despite difficult economic conditions, efforts are being made to protect the public from additional financial pressure.
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Shehbaz Sharif explained that the global economy is currently under pressure because of tensions in different regions of the world. These developments could also affect Pakistan’s economy, which is why the government is carefully managing the situation.
He said the government is trying to handle these challenges through timely policy decisions, financial discipline, and cost-saving measures. According to him, these steps are helping the country deal with economic pressures in a responsible way.
The prime minister also said that he had pledged to start relief efforts from the country’s elite and the government itself so that the burden on poor citizens can be reduced. He added that along with the federal government, provincial governments are also supporting these cost-saving efforts, which is a positive development.
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Shehbaz Sharif further said that due to the efforts of Pakistan’s diplomatic and economic teams, the country currently has an adequate supply of crude oil to meet national needs.
He also assured that both federal and provincial governments are working together to ensure that no one sells petroleum products above the officially fixed prices set by the government.
The prime minister expressed hope that the global situation will improve soon and petroleum product prices in the international market will stabilize.
Keeping petrol prices unchanged can provide short-term relief to people already facing rising living costs. However, global oil prices remain uncertain. If international prices continue to rise, the government may face pressure in future fuel price decisions.
