Islamabad, April 4, 2026 – Prime Minister Shehbaz Sharif has officially launched a digital fuel subsidy scheme aimed at supporting Pakistan’s transport sector amid rising global oil prices and regional tensions.
The announcement was made during a high-level meeting in Islamabad on April 4, 2026, where the premier confirmed that financial assistance is now being transferred directly to transporters through digital wallets. The initiative targets owners of public transport vehicles, including buses, wagons, and goods carriers such as trucks, ensuring uninterrupted mobility and supply chain stability.
Speaking at the meeting, the prime minister emphasized that protecting economically vulnerable segments remains the government’s top priority. He noted that funds saved through austerity measures would be redirected toward public welfare, particularly to offset the burden of rising fuel costs.
Officials briefed the meeting that Pakistan currently holds adequate petroleum reserves to meet domestic demand, despite ongoing geopolitical uncertainty. The situation has been influenced by escalating tensions in the Middle East, which have significantly impacted global energy markets.
The meeting was attended by key cabinet members, including Dr Musadik Malik, Attaullah Tarar, and Ali Pervaiz Malik, along with senior government officials.
A day earlier, PM Shehbaz also announced a temporary reduction in the petroleum levy on petrol by Rs80 per litre for one month. The move brought petrol prices down to Rs378 per litre, while diesel prices remained unchanged at Rs520 per litre.
The government’s latest measures aim to cushion the impact of surging fuel prices and ensure economic stability during a challenging period.