Petroleum Prices Likely to Drop from April 1, Government Plans Further Economic Relief
As April approaches, Pakistani consumers may receive some relief at the fuel pumps. Industry sources suggest that petrol and diesel prices could see a reduction of approximately Rs. 2 per liter starting April 1. The expected price drop aligns with fluctuations in global oil markets and domestic economic policies.
Meanwhile, Federal Minister for Petroleum, Ali Parvez Malik, has reaffirmed the government’s commitment to providing financial relief to the public. Speaking to the media, he emphasized that Prime Minister Shehbaz Sharif is set to introduce a comprehensive plan aimed at reducing electricity costs. The minister further stated that upgrading Punjab’s basic healthcare infrastructure remains a top priority, ensuring quality medical services for citizens.
Ali Parvez Malik highlighted that the government’s economic measures have played a crucial role in preventing Pakistan from financial default. He assured that electricity bill relief initiatives by the Punjab Chief Minister will continue, aiming to strengthen the national economy through affordable energy policies.
Discussing energy reforms, the minister announced that new solar connections will be transitioned to a gross metering system, a decision made to address the heavy debt burden on the national grid—estimated between Rs. 3 to 4 trillion. However, he reassured that existing solar system connections will remain unchanged. Additionally, efforts are underway to ensure uninterrupted gas supply during Suhoor and Iftar in Ramadan, aligning with the government’s commitment to public welfare.