No change to petrol prices in Pakistan

The federal government on Tuesday announced to keep the prices of petroleum products unchanged for the next fortnight in Pakistan.

Instead, the savings will be invested in national development projects to improve infrastructure and support long-term growth. Petrol will continue to be sold at Rs254.63 per liter, and high-speed diesel at Rs258.64 per liter. These rates will stay unchanged, as the government plans to use the extra funds for major development works.

A large portion of the funds will be allocated to the dualization of the N-25 highway, connecting Chaman, Quetta, Kalat, Khuzdar, and Karachi. The Prime Minister confirmed that the road will be built to motorway standards to ensure safe and fast travel.

In addition, work on the M-6 and M-9 motorways—linking Sukkur to Hyderabad and Hyderabad to Karachi—will also be financed through these savings.

The cabinet further decided to support the completion of Phase 2 of the Kachhi Canal project in Balochistan. This project will help irrigate large areas of farmland and boost agriculture in the province. PM Shehbaz Sharif said that the development of Balochistan is crucial for the progress of all four provinces and the country as a whole.

The cabinet also approved changes to the Petroleum Levy Ordinance 1961 to raise national revenue and endorsed the Sustainable Investment Sukuk Framework. This framework will allow the government to issue domestic bonds to support eco-friendly and socially beneficial development initiatives.