Islamabad, March 13, 2026 – The government of Pakistan has decided to keep petroleum product prices unchanged following the arrival of international oil shipments at the country’s ports, providing temporary relief to consumers despite rising global oil prices.
According to officials, the decision was approved by Shehbaz Sharif, who directed authorities to maintain existing fuel prices to reduce the financial burden on the public.
The prime minister said the move fulfills the government’s commitment to support citizens during challenging economic conditions, particularly as international oil markets remain volatile.
Relief for consumers despite global price pressure
Speaking about the decision, the premier said the government aims to provide maximum relief to the public, especially lower-income groups, during a period of global economic uncertainty.
He noted that geopolitical tensions in the region have placed significant pressure on the global economy, which could potentially affect Pakistan’s economic stability. However, the government is attempting to manage the situation through timely policy decisions, fiscal discipline, and austerity measures.
Adequate oil supplies ensured
According to the government, sufficient crude oil supplies are currently available in the country after the arrival of international oil ships at Pakistani ports. Authorities say the available stocks are adequate to meet the country’s immediate petroleum requirements.
The prime minister also highlighted that both federal and provincial governments are working together to ensure that petroleum products are sold at officially notified prices. Strict monitoring mechanisms have been put in place to prevent overcharging by fuel retailers.
Austerity measures to reduce burden
The government has also introduced austerity measures aimed at reducing public expenditure. The prime minister said efforts are being made to ensure that the burden of economic challenges is first borne by the country’s elite and government institutions rather than ordinary citizens.
He appreciated the support of provincial governments in implementing these austerity initiatives, describing their cooperation as an important step in managing the economic situation.
Outlook for global oil market
The prime minister expressed hope that global conditions will stabilize in the coming months, leading to improved oil supply and more stable petroleum prices in international markets.
He added that the government will continue monitoring the global energy situation closely and take necessary policy measures to safeguard Pakistan’s economic stability and protect consumers from sudden price shocks.