ISLAMABAD: Prime Minister Shehbaz Sharif pressed provinces on Sunday to release their agreed contributions toward a new, targeted fuel-subsidy program, warning that the country’s deepening energy crisis was straining ordinary citizens, motorcyclists and the transport sector that moves both people and goods.
Energy
Govt rolls out targeted subsidies via digital wallets after fuel-price shock
ISLAMABAD: Prime Minister Shehbaz Sharif said on Saturday that the government has started disbursing relief funds directly into digital wallets for operators of public transport buses, wagons and freight vehicles, part of a rapid response to cushion the impact of sharply higher petroleum prices.
Ex-PM Abbasi calls govt fuel policy unsustainable, demands deregulation and EVs to cushion war-driven shock
ISLAMABAD: Former Prime Minister Shahid Khaqan Abbasi on Saturday pressed the government to immediately deregulate petroleum product prices and accelerate the adoption of electric vehicles, saying the steps are the only viable response to the sharp rise in global oil costs triggered by the US-Israel war on Iran.
Petrol drops to Rs378 as govt cuts levy by Rs80 after record price shock
ISLAMABAD: Prime Minister Shehbaz Sharif on Friday announced an Rs80-a-liter cut in the petroleum levy that will bring retail petrol prices down to Rs378 a liter starting at midnight Saturday.
Sindh and Punjab unveil subsidies for motorcyclists, farmers and public transport after fuel price shock
ISLAMABAD: One day after the federal government imposed steep increases in fuel prices, the provincial administrations of Sindh and Punjab announced relief packages on Friday aimed at shielding motorcyclists, small farmers and public transporters from the impact of the hikes, while federal authorities made public transport free in the capital and halted planned toll increases nationwide.
Pakistan raises petrol to record Rs458.40 a liter, diesel to Rs520.35
ISLAMABAD: Pakistan sharply increased petrol and high-speed diesel prices on Thursday, reflecting record global oil costs triggered by the escalating conflict in the Middle East, while introducing targeted subsidies to cushion the impact on two-wheelers, small farmers and key transport sectors.
Pakistan seeks IMF leeway on fuel prices as Iran conflict drives oil surge
ISLAMABAD: Pakistan will press the International Monetary Fund for greater leeway in its bailout program to manage the fallout from the US-Israeli war on Iran, including measures to shield consumers from soaring petroleum prices, the Ministry of Finance said on Thursday.
Pakistan prepares major fuel-price hike as provinces commit to share subsidy burden
ISLAMABAD: The federal government and the four provinces are preparing to implement another significant rise in petrol and diesel prices within days, aiming to pass through part of the higher landed cost of imports to consumers while shielding targeted groups such as motorcyclists and farmers with subsidised fuel.
Pakistan LNG imports hit by force majeure as Middle East conflict chokes global supplies
ISLAMABAD: Pakistani power authorities told regulators on Tuesday that liquefied natural gas supplies have been declared unavailable under force majeure, halting deliveries to more than 4,500 megawatts of gas-fired generation capacity as a month-long US-Israeli war on Iran triggers the first major global fuel crunch in years.
PM Sharif orders crackdown on petroleum smuggling as Middle East conflict strains fuel supply
ISLAMABAD: Prime Minister Shehbaz Sharif directed authorities to impose stringent measures against the smuggling and illegal hoarding of petroleum products, his office said on Tuesday.