PM Extends Fuel Subsidy Till December 2026
The fuel subsidy programme would be extended till December at the end, announced by Prime Minister Shehbaz Sharif. He carried out the announcement during a meeting of the federal cabinet on Wednesday. Up to December, motorcycles, rickshaw owners and drivers and up to 800cc cars can continue to receive discounted petrol.
What did the PM say about the Fuel Subsidy?
The programme will be continued till December at least, the prime minister said. He said Rs. 28 billion has been released so far. Directly over 15 million people have benefited and an estimated 75 million when counting family members.
Why is the fuel subsidy extended?
Since last September, global crude oil prices have surged skyrocketing. The prime minister said that petrol prices in Pakistan were scheduled to go up by Rs. 15 per litre. Instead, the government negotiated with the refiners and urged them to return windfall profits to consumers. The prime minister added the government had prevented the public from facing price hikes for electricity consumption.
Who Can Get Discounted Petrol Under the Scheme?
The Fuel Relief Scheme is provided by the Prime Minister’s Ministry, with an amount of Rs. 100 pence per litre of petrol. A Motorcycle, a rickshaw, Qingqi user get a Rs. 500 tokens a week (4 tokens per month) Car owners with up to 800cc get the Rs. 100 discount on 10 litres every 10 days. Motorcycle and rickshaw can be registered for motorcycles and rickshaws registered prior to or from 01/01/2006. Users must register first. The Ministry of Information Technology has published the registration process, and millions have already registered.
What Happens to Petrol Pumps That Break the Rules?
The overall programme is transparent, the prime minister said. But intelligence agencies discovered irregularities at several petrol stations. He instructed the petroleum minister to shut the outlets and heavily fined the culprits. If pumps don’t work cooperatively with the scheme, action will be taken.
Conclusion
The new deadline of the fuel subsidy is the end of December. According to the Government, Rs. 28 billion has been released and over 15 million people have directly benefitted. So, if you’re a user who is eligible, you should continue following the existing registration and token rules. Stay tuned for official announcements regarding Dec changes.
