THE HALFAX HEIMDALL AUGUR

PM Shehbaz Orders Immediate Fuel Price Relief as Global Oil Markets ... Islamabad: Federal Minister for Petroleum Ali Pervaiz Malik has said that Prime Minister Shehbaz Sharif has directed the relevant authorities to immediately pass on the benefit of the recent decline in crude oil prices in the global market to the Pakistani people. In his statement issued on Thursday, the petroleum minister said that a significant decline in oil prices is being seen at the international level, after which the prime minister has given clear instructions that the public should benefit from this relief as soon as possible. He said that the government is prioritizing public interest regarding energy prices and passing on the effects of positive changes in the global market to consumers is part of this policy. According to Ali Pervaiz Malik, the government has also formed a high-level committee that will develop a transparent and effective weekly system for determining fuel prices. He said that the aim of this move is to keep the public informed about the reasons for price increases or decreases and to create greater transparency in the price determination process. The Petroleum Minister said that t…

PM orders immediate fuel price relief for consumers as global prices ... Says a high-level committee has also been formed to devise a formula for petroleum products Petroleum Minister Ali Pervaiz Malik said on Thursday that Prime Minister Shehbaz Sharif had directed authorities to immediately pass the benefit of falling international oil prices on to consumers following the signing of a peace agreement between the United States and Iran. “International oil prices are falling, and the prime minister has directed that the benefit be transferred to the public immediately. A high-level committee has also been formed to devise a formula for petroleum products,” the minister said in a post on X. The statement came afterPM Shehbaz signed the 'Islamabad Memorandum of Understanding'as a mediator, formalising a major diplomatic breakthrough between the US and Iran. The memorandum also carries the signatures of US President Donald Trump and Pezeshkian. Malik said the efforts of PM Shehbaz, Chief of Defence Forces and Chief of the Army Staff Field Marshal Asim Munir, Deputy PM and Foreign Minister Ishaq Dar and Interior Minister Mohsin Naqvi had borne fruit, culminating in the agreement b…

Shehbaz Promises Relief Amid Fuel Crisis in Pakistan - Pakistan Today March 30, 2026 Prime Minister Shehbaz Sharif has announced relief measures for lower- and middle-income groups in response to rising fuel prices. The government is finalizing targeted schemes to assist vulnerable segments, ensuring subsidies reach those in need efficiently. Mian Abrar March 30, 2026 ISLAMABAD:Prime Minister Shehbaz Sharif on Monday assured relief for lower- and middle-income groups as the government grapples with the impact of rising fuel prices triggered by the global energy crisis linked to the Iran war. Chairing a high-level meeting to review petroleum stocks and public relief measures, the premier said the government was actively working to cushion the burden on vulnerable segments of society. He reiterated that “the economically weaker sections will not be left alone in this hour of difficulty.” Officials briefed the meeting that a targeted relief scheme was being finalised in coordination with provincial governments, particularly focusing on motorcycle and rickshaw owners. The registration process for beneficiaries is being streamlined to ensure that subsidies reach the intended segm…

Govt protecting public from fuel crisis, remains committed to relief ... Govt protecting public from fuel crisis, remains committed to relief measures: Tarar, Musadik Malik LAHORE, Apr 04 (APP):Federal Minister for Information and Broadcasting Attaullah Tarar and Federal Minister for Climate Change Dr Musadik Malik said on Saturday that the government successfully shielded the public from fuel shortages and mitigated the impact of the global oil crisis through timely and proactive measures. LAHORE, Apr 04 (APP):Federal Minister for Information and Broadcasting Attaullah Tarar and Federal Minister for Climate Change Dr Musadik Malik said on Saturday that the government successfully shielded the public from fuel shortages and mitigated the impact of the global oil crisis through timely and proactive measures. Speaking jointly here, they said that despite severe international challenges, the government ensured uninterrupted fuel supply and took decisive steps to protect citizens from the worst effects of rising oil prices. They acknowledged that even with these efforts, ordinary citizens continue to feel the impact of inflation and high fuel costs. “With a heavy heart, we reiterate t…

PM Shehbaz announces reduction in petrol prices by Rs74, diesel by Rs67 <p>Prime Minister Shehbaz Sharif on Friday announced a reduction in petroleum prices, reducing petrol prices by Rs74 and the price of high-speed diesel by Rs67.</p> <p>The development comes a day after Petroleum Minister Ali Pervaiz Malik said that PM Shehbaz directed authorities to immediately pass on the benefit of declining international oil prices to consumers amid easing tensions in the Middle East.</p> <hr /> <p><em>More to follow</em></p>

Pakistan govt slashes petrol prices after severe backlash over sharp hike A day after an unprecedented surge in fuel prices triggered sharp backlash, Pakistan Prime Minister Shehbaz Sharif has announced a reduction of PKR 80 in petrol prices by cutting the levy on the fuel. In a midnight address on Friday, 3 April, Sharif said the government had decided to reduce the petrol levy by PKR 80 per litre, bringing the retail price down to PKR 378 per litre. The government had on Thursday announced steep hikes of 43 per cent and 55 per cent in the prices of petrol and high-speed diesel (HSD), respectively. Petrol prices had jumped from PKR 321.17 to PKR 458.41 per litre after the government increased the levy from PKR 105 to PKR 160 per litre. The price of HSD had also been raised by PKR 184.49 per litre — from PKR 335.86 to PKR 520.35 — although the levy on diesel was abolished, prompting demands that similar relief be extended to petrol consumers. “I am announcing an immediate reduction of PKR 80 per litre in petrol levy,” Sharif said, adding that the revised price of PKR 378 per litre would take effect from midnight, with petrol available at the new rate at filling stations across…

Pakistan slashes petrol price by PKR 80 per litre, day after sharp hike ... A day after an unprecedented surge in fuel prices triggered severe backlash, Pakistan Prime Minister Shehbaz Sharif has announced slashing the petrol price by PKR 80. Sharif in a midnight address on Friday announced that the government has decided to reduce petrol levy by PKR 80 per litre, making the commodity available to the end consumer for PKR 378 per litre. The government on Thursday announced an unprecedented hike of 43 per cent and 55 per cent in the prices of petrol and high-speed diesel (HSD), respectively. The rise in petrol price from PKR 321.17 to PKR 458.41 per litre came as the government levy increased from PKR 105 to PKR 160 per litre. The government had also increased HSD price by PKR 184.49 per litre—from PKR 335.86 to PKR 520.35 -- but had abolished the levy, prompting demands that the government should follow suit with regard to petrol price, providing some relief to citizens. “I am announcing an immediate reduction of PKR 80 per litre in petrol levy,” he said, adding that the new price of PKR 378 per litre would take effect from midnight, with petrol available at the revised rate …

PM Shehbaz directs immediate fuel price relief as global oil prices fal ... June 19, 2026 Posted by: Tresmark Category: No Comments Petroleum Minister Ali Pervaiz Malik said on Thursday that Prime Minister Shehbaz Sharif has directed authorities to immediately pass on the benefit of declining international oil prices to consumers amid easing tensions in the Middle East. In a post on social media on Thursday, the minister said, “International oil prices are falling, and the prime minister has directed that this benefit be passed on to the public immediately.” The minister said that “a high-level committee had been constituted to devise a transparent weekly fuel pricing mechanism … so that in the future, whenever needed, the public can understand the reasons for changes in prices.” Malik added the work would be completed “in full consultation with all stakeholders”. Referring to regional developments, Malik said, “The efforts of the prime minister, field marshal, foreign minister, and interior minister are bearing fruit, as Iran and the United States are moving toward signing a ceasefire agreement.” The minister also thanked industry partners and the public for helping the governmen…

PM Shehbaz directs immediate fuel price relief as global oil prices fall: petroleum minister <p>Petroleum Minister Ali Pervaiz Malik said on Thursday that Prime Minister Shehbaz Sharif has directed authorities to immediately pass on the benefit of declining international oil prices to consumers amid easing tensions in the Middle East.</p> <p>In a post on social media on Thursday, the minister said, “International oil prices are falling, and the prime minister has directed that this benefit be passed on to the public immediately.”</p> <p>The minister said that “a high-level committee had been constituted to devise a transparent weekly fuel pricing mechanism … so that in the future, whenever needed, the public can understand the reasons for changes in prices.”</p> <figure class='media w-full w-full media-- media--embed media--uneven media--tweet' data-original-src='https://x.com/AliPervaiz450/status/2067464236452986965'> <div class='media__item media__item--twitter '><span> <blockquote class="twitter-tweet" lang="en"> <a href="https://twitter.com/AliPervaiz450/status/2067464236452986965"></a> </blockquote> </span></div> </figure> <p>Ma…

Pakistan Slashes Fuel Prices as Global Oil Costs Decline General Pakistan Slashes Fuel Prices as Global Oil Costs Decline 21 Jun 2026 By Lankanewspapers.com Local Read in: English සිංහල 4 Comments The Pakistani government has announced a significant reduction in fuel prices, cutting rates for both petrol and diesel in response to falling oil prices on the global market. Steep Reductions Across the Board The move brings notable relief to consumers and businesses in Pakistan, who have faced persistent pressure from elevated energy costs in recent years. Both petrol and diesel prices have been brought down as part of the government's latest fortnightly fuel price revision, which is aligned with international crude oil market movements. Global Oil Trends Drive the Decision The price cuts come on the back of a sustained decline in global oil prices, which have eased considerably in recent weeks amid shifting supply and demand dynamics on the world stage. Governments across South Asia and beyond have begun passing on these savings to domestic consumers, and Pakistan's administration has followed suit with this latest announcement. What It Means for Consumers For ordinary Pakistanis, the…

Fund created to mitigate oil price shocks <p>ISLAMABAD: The government on Monday notified a new head of account to establish a price stabilisation fund for petroleum products, following a June 5 decision by the federal cabinet.</p> <p>“All proceeds received in the name of the Petro­leum Prices Stabilisation Fund will be credited to the Public Account of the Federation under the major head ‘Special Deposit Fund’,” stated a notification <a rel="noopener noreferrer" target="_blank" class="link--external" href="https://www.finance.gov.pk/circulars/Petroleum_Prices_Stabilization_Fund.pdf">issued</a> by the Ministry of Finance.</p> <p>The notification expla­ined that the modalities, including the operating procedures for governing the Fund, would be finalised by the finance division, the petroleum division and the Oil and Gas Regulatory Authority (Ogra) in accordance with legal and financial requirements. Nece­ssary approvals will be sought separately.</p> <p>The need for the Fund arose following historic price hikes in recent months due to the <a href="https://www.dawn.com/live/iran-israel-war">US-Israel war on Iran</a>. While a few cargos were previously secured directly by the govern…

PM Shehbaz Promises Relief Amid Rising Fuel Prices Islamabad, March 30, 2026 – Prime Minister Shehbaz Sharif on Monday reaffirmed his government’s commitment to providing relief to low- and middle-income groups amid rising fuel prices, assuring that citizens would not be left alone during the ongoing economic challenges. Chairing a high-level meeting to review the impact of the Middle East situation on petroleum products, fuel stocks, and relief measures, the prime minister said the government was actively working to stabilize the situation while protecting vulnerable segments of society. He emphasized that digital systems are being utilized to ensure direct and transparent delivery of subsidies and relief to the public, minimizing delays and corruption. “Every possible effort is being made to ease the burden on ordinary citizens,” he said. As part of austerity measures, the government has significantly reduced expenditures, including slashing the development budget and grounding around 60 percent of official vehicles. According to the prime minister, these savings are being redirected toward public welfare initiatives. He further stated that proposals to increase fuel prices have…

Govt slashes fuel prices as Islamabad MoU helps stabilise oil markets Get Alerts ISLAMABAD - Prime Minister Shehbaz Sharif on Friday announced a substantial reduction in petroleum prices and said the government was immediately passing on the benefits of declining global oil prices to the public following improved regional economic conditions and the restoration of peace through Pakistan’s diplomatic efforts.The prime minister said the government was fulfilling its promise to the nation by reducing the price of petrol by Rs74 per litre and diesel by Rs67 per litre, a Prime Minister’s Office news release said.With the latest reduction, the price of petrol will fall from Rs373 to Rs299 per litre, while diesel will decrease from Rs378 to Rs311 per litre, providing significant relief to consumers across the country.The prime minister said the government fully understood the hardships faced by the people and appreciated their patience and resilience during a period of global economic uncertainty and rising energy prices.“We are deeply grateful to the people for supporting the government during these challenging times,” he said, adding that since the onset of the crisis, every effort ha…

Pakistan launches relief measures amid fuel prices surge: Shehbaz ... ISLAMABAD — The Pakistan government is taking decisive steps to shield lower- and middle-income citizens from the effects of a rising fuel crisis, Prime Minister Shehbaz Sharif said on Monday. The surge in oil prices has been triggered by global disruptions linked to the ongoing Iran conflict. Read More: PM Shehbaz rejects increase in petrol and diesel prices , again In a meeting chaired by the premier to review petroleum stocks and public relief initiatives, officials outlined the government’s efforts to provide immediate support to vulnerable groups. Special focus is being placed on motorcyclists and rickshaw drivers, with a subsidised fuel scheme announced on March 17 to mitigate the financial burden caused by rising oil costs. Registration for beneficiaries is being finalised in collaboration with provincial authorities. Prime Minister Shehbaz emphasised that economically weaker sections will not be left unaided during this period of difficulty. “We will not leave the economically weaker section of society alone in this hour of difficulty,” he said, underlining the administration’s commitment to public welfa…