PM Shahbaz Sharif Rejects Proposal to Raise Petrol and Diesel Prices, Government to Bear Additional Burden

Islamabad: Prime Minister Shahbaz Sharif has once again rejected proposals to increase petroleum product prices, announcing that rates will remain unchanged to protect the public from further economic strain.

In a national address, the Prime Minister stated that proposals to raise petrol by PKR 95 per liter and diesel by PKR 203 per liter for the upcoming week were submitted, but were rejected due to the difficulties such increases would impose on the public. The federal government has decided to absorb this financial burden itself, amounting to PKR 56 billion.

“Based on global market rates, petrol should cost PKR 544 per liter and diesel PKR 790 per liter in Pakistan, but the government is providing them at PKR 322 and PKR 335 respectively,” the Prime Minister explained. He added that over the past three weeks, the government has absorbed PKR 125 billion to protect citizens from economic hardship.

PM Sharif urged the public to adopt austerity and simplicity during these challenging times, noting that the government is developing a comprehensive plan and requires public cooperation.

He also highlighted Pakistan’s diplomatic efforts in the region, emphasizing the country’s role in promoting peace and mediation. “Through the efforts of Deputy PM Ishaq Dar and Field Marshal Syed Asim Munir, Pakistan is working to shield the region from the devastating effects of conflict,” he said.

The Prime Minister acknowledged that even developed countries are facing severe economic crises due to global instability, particularly in the Middle East. “We anticipated this storm and have taken measures to mitigate its impact, saving billions for ordinary citizens through austerity and careful financial management,” he said.

PM Sharif concluded that every liter of petrol provided at subsidized rates reflects the government’s responsible policies and commitment to easing the economic burden on the public.