Prime Minister Shehbaz Sharif has warned that petrol prices in Pakistan may rise again in coming days. The warning follows escalating tensions between Iran and Israel.
Addressing the nation, the prime minister explained that disruptions in global oil supplies have created serious economic risks. The closure of the Strait of Hormuz has particularly intensified concerns.
He stated that international oil prices recently surged from nearly $60 per barrel to around $100 per barrel. Therefore, further increases remain possible if instability continues.
The premier cautioned that delayed action could lead to a severe fuel crisis. Consequently, the government is preparing preventive economic measures.
Government Balancing Economic Stability and Public Relief
The prime minister acknowledged that recent fuel price increases were difficult but necessary decisions. He noted that authorities had initially considered a larger increase.
However, the government chose a balanced approach to reduce pressure on citizens. This decision aimed to protect household budgets while maintaining economic stability.
Sharif emphasized that Pakistan relies heavily on oil imports from Gulf countries. As a result, global market fluctuations remain outside direct government control.
Despite these challenges, he assured citizens that authorities would try to minimize economic hardship. Maintaining stability remains a central policy priority.
Strong Reaction to Regional Developments
During his address, the prime minister condemned the killing of Iranian Supreme Leader Seyyed Ali Khamenei and members of his family. He also expressed concern over civilian casualties in ongoing Israeli airstrikes.
Sharif reaffirmed Pakistan’s support for the sovereignty and security of Islamic countries, including Saudi Arabia, Qatar, and Bahrain. Furthermore, he strongly condemned attacks targeting Gulf states.
He added that Pakistan’s armed forces, under Field Marshal Asim Munir, remain fully prepared to safeguard national security.
Austerity Measures Announced to Manage Crisis
To address emerging economic pressures, the government introduced several austerity measures. These steps aim to reduce fuel consumption and limit public spending.
Fuel usage for official vehicles will decrease by 50 percent. Ministers and advisers will temporarily suspend their salaries to support relief efforts.
Additionally, Grade 20 and above government officers will contribute two days’ salary toward public assistance programs.
The government has also banned foreign visits by senior officials. Moreover, authorities imposed a 20 percent reduction in non-development expenditures.
Official luncheons and dinners will remain suspended during the crisis period. These steps seek to demonstrate fiscal discipline and shared responsibility.
Energy Conservation and Administrative Changes
Government offices will operate four days a week to reduce energy usage. Meanwhile, half of the workforce will work remotely.
Educational institutions will close for two weeks, while universities will shift to online learning systems. These measures aim to lower fuel consumption nationwide.
The prime minister stressed that collective sacrifice remains necessary during challenging economic conditions.
Appeal for National Unity and Warning Against Profiteering
Sharif urged wealthy citizens to support vulnerable communities facing economic hardship. He emphasized that strong nations show solidarity during crises.
At the same time, he warned hoarders and profiteers against exploiting the situation. Authorities will take strict action against those creating artificial shortages.
The government believes cooperation between citizens and institutions will help navigate the ongoing crisis. Ultimately, national unity remains essential as global uncertainty continues.
