According to Radio Pakistan, Prime Minister Shehbaz Sharif announced on Sunday that the low-income segment of the country will receive an Rs50 per litre subsidy as part of the petroleum relief package. The decision was made at a meeting in Lahore presided over by Prime Minister Muhammad Shehbaz Sharif.
The premier, who presided over the meeting, stated that consumers who use small vehicles such as motorcycles, rickshaws, and 800 CC vehicles should be eligible for petroleum subsidies. He directed all relevant authorities to finalise a plan as soon as possible and to ensure its effective implementation.
“Despite severe economic difficulties, the government is doing everything it can to help the poor,” the premier added. Musadik Malik, Minister of State for Petroleum, briefed the meeting on the strategy for implementing the petroleum subsidy for low-income people.
PM Shehbaz believed that the petroleum subsidy would directly benefit the poor. The decision comes just days after the government raised petrol prices by Rs5 per litre, bringing the total to Rs272.00 per litre.
PETROLEUM RELIEF PACKAGE OF RS50 PER LITRE FOR LOW-INCOME FAMILIES
The government has announced a petroleum relief package of 50 rupees per litre for the country’s low-income citizens. The decision was made on Sunday in Lahore at a meeting presided over by Prime Minister Muhammad Shehbaz Sharif.
As part of a relief package, Prime Minister Shehbaz Sharif announced that low-income individuals will receive an Rs50 per litre petroleum subsidy. Motorcycles, rickshaws, 800cc cars, and other small vehicles will be eligible for the subsidy.
During a review meeting on the relief package, the premier stated that the programme will be implemented as soon as possible and that a comprehensive strategy will be developed in collaboration with relevant departments to ensure effective implementation.
He stated that low-income people primarily use motorcycles, rickshaws, and small cars and that the subsidy would help those in need.
Despite economic difficulties, the government is committed to assisting the poor, according to the prime minister.
Minister for Finance Muhammad Ishaq Dar, Advisor to the Prime Minister Ahad Cheema, Special Assistant to Prime Minister Tariq Bajwa, Secretary Finance, Secretary Petroleum, and other senior officials attended the review meeting.
Musadik Malik, Minister of State for Petroleum, briefed attendees on the strategy for providing the subsidy. During a recent cabinet meeting, the premier requested more information from the state minister, who responded that multiple meetings had taken place and a cross-subsidy mechanism had been developed.
Motorcycles, Small Cars Get Rs. 50 Petrol Subsidy from Govt.
The federal government will help pay for the cost of fuel for motorcycles, rickshaws, and cars up to 800cc.
Earlier today (Sunday), Prime Minister Shehbaz Sharif led a meeting in Lahore to talk about the proposed package of aid for oil users.
The government has decided to help low-income people who drive motorcycles, rickshaws, and cars with engines up to 800cc pay less for gas. Shehbaz Sharif, who is the Prime Minister of Pakistan, led a meeting in Lahore on Sunday to talk about the proposed relief package for oil users.
To cut costs even more, the SBP got rid of a 1.5% fee for debit and credit card use. The prime minister signed an order to add small cars with engines up to 800 cc to the programme that gives free gas to motorcycles and rickshaws. The government is thinking about giving a subsidy of Rs. 50 per litre of gasoline. This would lower the price for the subsidised market by a large amount.
The prime minister gave an order for the necessary departments to move quickly to implement the proposed programme and for everyone involved to work together to make a thorough plan for doing so.
The prime minister said that the poor, who use motorcycles, rickshaws, and smaller cars, will benefit from the subsidy. It’s important to know that the government hasn’t said anything yet about how this subsidy will be put into place.