Instructs authorities to ensure strict monitoring as relief measures continue to curb inflation impact
\n Islamabad
\nPrime Minister Shehbaz Sharif on Thursday extended the fuel subsidy for motorcyclists, public transport and goods transport by another month as he announced the continuation of measures aimed at providing relief to the public amid the prevailing economic situation.
\nAccording to a statement issued by the Prime Minister\u2019s Office, the premier directed the relevant authorities to ensure that any increase in passenger fares and freight charges was prevented at all costs.
\nHe stressed the need for effective monitoring of relief measures so that their benefits reached deserving individuals directly.
\n\u201cThe government would continue to extend maximum possible relief to the public, with facilitating the common citizen remaining its top priority,\u201d the prime minister said, adding that people would not be left alone under any circumstances.
\nPM Shehbaz said the federal government, in collaboration with the provinces, had provided a national relief package worth billions of rupees for the common man during difficult times.
\nHe also expressed hope that the regional situation would improve soon, enabling stability in petroleum product prices.
\nThe US and Israel launched an attack on Iran in February, after which Tehran retaliated with strikes and closed the Strait of Hormuz, disrupting global oil supplies and prompting a surge in international oil prices.
\nAmid rising oil prices, the government, in the first week of March, increased petroleum product prices twice, noting that the hikes exceeded the surge in the international market. However, the most significant increase was witnessed in April this year.
\nEarlier this month, the government raised the petrol price by Rs137 per litre, taking it to a record Rs458.4. However, a few days later, the prime minister, in a televised address, announced a Rs80 per litre reduction in the petroleum levy on petrol, bringing its price down to Rs378 per litre.
\nAs part of the relief measures, a subsidy of Rs100 per litre was announced for motorcycle users, while goods transport operators were offered financial assistance for one month: Rs70,000 for small trucks, Rs80,000 for large trucks, and Rs100,000 for public transport buses. The measures aim to prevent increases in the prices of essential commodities and transport fares.
\nThe government also extended support to small farmers by offering financial assistance of Rs1,500 per acre, while ensuring that economy-class fares for Pakistan Railways passengers remain unchanged. The measures were also implemented in Gilgit-Baltistan and Azad Kashmir, with the government pledging to provide all necessary resources.<\/p>\n","protected":false},"excerpt":{"rendered":"
Instructs authorities to ensure strict monitoring as relief measures continue to curb inflation impact Islamabad Prime Minister Shehbaz Sharif on Thursday extended the fuel subsidy for motorcyclists, public transport and goods transport by another month as he announced the continuation of measures aimed at providing relief to the public amid the prevailing economic situation. According […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-543972","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-top-news"},"yoast_head":"\n