ISLAMABAD (Special Correspondent) – Minister for Petroleum Ali Pervaiz Malik stated on Sunday that over 12 to 13 million deserving individuals are currently receiving subsidised petrol at pre-war prices. This initiative serves as a core part of the government’s strategy to provide subsidised petrol at pre-war prices to vulnerable segments of the population amidst global market volatility.

Key Points

• Over 12 to 13 million deserving citizens are receiving fuel through targeted subsidies.
• The initiative provides petrol at prices maintained at pre-war levels for vulnerable groups.
• Pakistan has transitioned from blanket subsidies to a technology-supported targeted assistance model.
• The government has directed financial support away from wealthy consumers to those in genuine need.
• Transparency in fuel price-setting is being maintained to ensure public access to information.

Addressing Global Fuel Disruptions

Addressing a university convocation, Minister Malik highlighted the profound impact of the crisis around the Strait of Hormuz, which has significantly affected international energy markets. He noted that many nations have faced immense pressure while attempting to secure foreign exchange for essential energy imports, including oil, gas, and LPG.

The minister characterized the ongoing situation as an unprecedented crisis that has tested national economic resilience globally. He emphasized that Pakistan remains one of the few nations that successfully navigated this turmoil without incurring the severe economic damage experienced by other countries within the region.

Targeted Relief and Economic Strategy

Regarding the domestic approach, Minister Malik explained that the government deliberately shifted away from blanket subsidies. Resources are no longer utilized to support fuel costs for those with high financial capacity, such as individuals owning luxury vehicles, but are instead reallocated to those who need the most assistance.

The government remains committed to ensuring transparency throughout the fuel price-setting process. When asked about future price trends, the minister noted that Pakistan is cautiously optimistic about international developments. He assured the public that as international market rates eventually decrease, the benefits of subsidised petrol at pre-war prices will be passed on to consumers automatically without requiring bureaucratic intervention.

Frequently Asked Questions

How many people are benefiting from the fuel subsidy program?

Minister Ali Pervaiz Malik confirmed that more than 12 to 13 million deserving people are currently receiving subsidised petrol at pre-war prices.

How does the government ensure the subsidies reach those in need?

The government has successfully transitioned from blanket subsidies to a targeted model supported by technology, ensuring support is directed specifically to those who genuinely require financial assistance.