The government is working on a targeted relief package to protect low-income segments from the impact of rising fuel prices, Finance Minister Muhammad Aurangzeb said on Sunday, amid mounting pressure from global energy markets.
Speaking to the media, the minister said multiple ministries, including petroleum, finance, and IT, are coordinating efforts to minimize the economic strain caused by escalating fuel costs linked to the ongoing Middle East conflict.
Relief Measures and Government Strategy
Aurangzeb confirmed that the government has already absorbed a financial burden of Rs69 billion on petroleum products to shield consumers from immediate price shocks. He added that authorities are now finalizing a targeted support package aimed specifically at vulnerable and low-income households.
“The government is committed to ensuring that the most affected segments receive relief during this challenging period,” he said, stressing the importance of sustainable and long-term solutions given Pakistan’s limited fiscal space.
Impact of Global Crisis
Highlighting the deepening regional tensions, the finance minister warned that the ongoing conflict could disrupt energy supply chains and affect Pakistan’s energy infrastructure. He noted that while the situation remains stable for now, uncertainty persists.
Despite global volatility, Aurangzeb assured that petroleum products—including petrol, diesel, and LPG—are currently available across the country, with strict monitoring in place to prevent shortages.
Fuel Prices and Economic Outlook
His remarks come shortly after Prime Minister Shehbaz Sharif rejected a proposal to further increase fuel prices ahead of Eid-ul-Fitr, maintaining current rates to ease public burden.
Earlier this month, the government had raised petrol and diesel prices by Rs55 per litre amid surging global oil prices driven by geopolitical tensions. Officials have indicated that prices could be adjusted downward once international markets stabilize.
Aurangzeb said the government is also evaluating the broader economic impact of the crisis on trade and investment while considering demand management and energy conservation measures.
He expressed cautious optimism that the energy supply situation would remain manageable until April but reiterated that prudent use of resources is critical.
The government’s latest move reflects its efforts to balance fiscal constraints with public relief as Pakistan navigates a period of heightened global uncertainty.