Petrol prices remain unchanged in Pakistan for two weeks
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The federal government announced on Tuesday that fuel prices will remain unchanged for the next two weeks, with the resulting savings to be invested in critical infrastructure projects across the country.
Presiding over a federal cabinet meeting in Islamabad, Prime Minister Shehbaz Sharif stated, “The government has decided not to transfer the benefit of declining international fuel prices to the public. Instead, the savings will be used to help rebuild and strengthen the nation.”
A major portion of the funds will go toward the dualization of the N-25 highway, a vital route connecting Chaman, Quetta, Kalat, Khuzdar, and Karachi. The prime minister confirmed that while it will be a dual carriageway, the road will be constructed to meet motorway standards.
Following the cabinet’s decision, petrol will remain priced at Rs254.63 per litre, and high-speed diesel at Rs258.64 per litre.
The prime minister also announced the construction of the M-6 and M-9 motorways, which will link Sukkur to Hyderabad and Hyderabad to Karachi, respectively. These projects will also be financed using savings from reduced international petroleum costs.
In addition, the same funds will support the completion of Phase 2 of the Kachhi Canal project, aimed at irrigating vast tracts of agricultural land in Balochistan. The premier emphasized that the project would drive growth and development not only in Balochistan but across the entire nation.
“Pakistan’s four provinces are like four brothers — they will share resources equitably,” said the prime minister. “The prosperity of Pakistan is closely tied to the prosperity of Balochistan.”
During the meeting, the cabinet also approved an amendment to the Petroleum Products (Petroleum Levy) Ordinance 1961, a move aimed at boosting national revenue.
Furthermore, the cabinet endorsed the Sustainable Investment Sukuk Framework, enabling the issuance of domestic securities to support environmentally and socially responsible development projects.