ISLAMABAD: The federal government announced on Tuesday that fuel prices will remain unchanged for the next two weeks. Savings from reduced global petroleum rates will be earmarked for critical infrastructure development across the country.
During a federal cabinet meeting in Islamabad, Prime Minister Shehbaz Sharif stated that the government has opted not to transfer the benefits of lower international fuel prices to consumers. Instead, the savings will be utilized to fund national infrastructure projects aimed at fostering long-term growth and unity.
“The government has chosen to invest these savings to heal the nation’s wounds,” the prime minister said.
One of the key projects highlighted was the dualization of the N-25 highway, a vital route connecting Chaman, Quetta, Kallat, Khuzdar, and Karachi. The highway will be upgraded to meet motorway standards to enhance connectivity and economic activity in Balochistan.
Following the cabinet’s decision, petrol will remain at Rs254.63 per litre, while high-speed diesel will stay at Rs258.64 per litre.
The prime minister also announced the construction of the M-6 and M-9 motorways, linking Sukkur to Hyderabad and Hyderabad to Karachi. These projects, too, will be funded through petroleum savings.
Additionally, the government will allocate funds for the completion of Phase 2 of the Kachhi Canal project, which is expected to irrigate vast tracts of land in Balochistan and boost agricultural productivity.
Stressing national unity, Prime Minister Sharif said all four provinces are like brothers and will receive an equitable share of resources. “The prosperity of Pakistan is closely tied to the prosperity of Balochistan,” he emphasized.
In a related development, the federal cabinet also approved an amendment to the Petroleum Products (Petroleum Levy) Ordinance of 1961, a move expected to enhance national revenue.
