Prime Minister Shehbaz Sharif has stated that petrol prices in Pakistan are significantly lower compared to global market rates.
He shared that based on international prices, petrol could have reached as high as Rs. 544 per litre. However, consumers in Pakistan are currently paying around Rs. 322 per litre.
The Prime Minister highlighted this difference to show the government’s efforts to protect the public from the full impact of rising global oil prices.
He explained that fluctuations in international markets, especially due to ongoing geopolitical tensions, have pushed fuel prices higher worldwide.
Despite these challenges, the government has taken steps to manage the situation and provide relief to citizens. By controlling local prices, authorities aim to reduce the financial burden on people and support economic stability.
Officials believe that keeping petrol prices relatively lower helps control inflation and supports businesses that rely heavily on fuel. It also ensures that transportation and daily expenses remain manageable for the general public.
However, experts say that maintaining such a price gap requires careful financial planning and may involve subsidies or adjustments in other areas. The government continues to monitor global trends closely to make timely decisions.
This announcement comes at a time when energy prices are a major concern worldwide, and Pakistan is trying to balance economic pressures with public relief.