Fuel price may reach Rs1,000 per litre if shortage occurs: petroleum minister
Petroleum Minister Ali Pervaiz Malik on Sunday warned that the price of fuel could rise to Rs1,000 per litre if a shortage develops, while saying there was currently no fuel shortage in the country. Talking to the media in Lahore, the minister said the government was making all-out efforts to ensure uninterrupted fuel supplies despite severe resource constraints and a sharp increase in…
Pakistan's Petroleum Minister Ali Pervaiz Malik cautioned on Sunday that fuel prices could soar to Rs1,000 per litre should a supply shortage arise. In Lahore, the minister stated that the government was taking all measures to maintain continuous fuel supplies despite facing significant resource limitations and a sharp spike in international oil prices.
International oil prices have risen by approximately 80% since March 1, while petrol prices in Pakistan have only been raised by 50%, according to Malik. Prime Minister Shehbaz Sharif, the minister noted, has been working to curb the increase in petrol prices. Under a fuel relief mechanism, Rs30 billion to Rs40 billion has been redirected to support vulnerable groups, with Rs180 million in tokens issued on a single day.
The minister also mentioned that payments have been made to 7,400 petrol pumps nationwide to aid over two million registered citizens. The government informed the Jamaat-e-Islami delegation about the challenges in fuel supply management and urged the party against politicizing public hardships. Malik emphasized that the government was carefully managing liquefied natural gas (LNG) supplies to prevent gas shortages during the winter season, even if it means importing $100 million worth of gas instead of the usual $3 million.
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