Lahore – The federal government, after consulting the provinces, has decided to extend the targeted fuel subsidy for motorcyclists and the transport sector by another month.
Prime Minister Shahbaz Sharif told the cabinet meeting that Pakistan’s weekly oil bill has increased from $ 300 million to $ 800 million due to the Iran-Israel conflict, but despite this, providing relief to the “common man” is the government’s top priority.
For this project, the four provinces have pooled funds of about Rs 200 billion under the National Finance Commission (NFC) formula. Punjab is contributing Rs 100 billion, Sindh Rs 52 billion, Khyber Pakhtunkhwa Rs 15 billion and Balochistan Rs 9 billion to this relief package.
Under the subsidy, Rs 80,000 is being given to large transport vehicles and Rs 100,000 per month to inter-city services to keep public fares under control.
The Prime Minister clarified that until oil prices normalize in the global market, the government will continue to provide protection to the public to the best of its ability.
He ordered the administration to ensure that the benefit of the subsidy reaches the beneficiaries directly.
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