Government Rules Out Major Increase in Petrol Prices, Assures Adequate Supply

Islamabad: Federal Minister for Petroleum Ali Pervaiz Malik has assured the public that the government has no plans to implement any major increase in petrol prices in the coming days.

Speaking to a private television channel, the minister stated that fuel supply across the country remains stable, with no shortage expected. He emphasized that petrol prices in Pakistan are currently lower compared to the global market.

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علی پرویز ملک: وفاقی وزیر پٹرولیم

حکومت پٹرول کی قیمتوں میں آنے والے دنوں میں کوئی بڑی تبدیلی کرنے نہیں جا رہی۔۔۔عوام کو تسلی دوں کہ نا پٹرول کی سپلائی میں کوئی فرق آ رہا ہے نا دستیابی میں۔۔ اس وقت پاکستان میں جو پٹرول کی قیمتیں ہیں اس سے بین الاقوامی قیمتیں… pic.twitter.com/cXsLL6JkBa

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Ali Pervaiz Malik noted that while the initial impact of price adjustments was borne by the public during the first week, the government has absorbed the burden over the past two weeks to provide relief. He added that consultations with provincial governments are ongoing to further minimize the impact on citizens.

The minister also warned that hoarding will not be tolerated, assuring that the government maintains sufficient fuel reserves to meet national demand.

Meanwhile, Ahsan Iqbal, Federal Minister for Planning, confirmed that the government has reduced the Public Sector Development Programme (PSDP) budget by 10 percent to avoid increasing petroleum prices. The development budget, initially set at PKR 1 trillion for the current fiscal year, has now been reduced to PKR 900 billion.

Officials stated that the move is aimed at preventing further increases in fuel prices while maintaining economic stability.