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'PM wants difference between fuel prices paid by rich and poor to be Rs100'

  • Minister of State for Petroleum Dr Musadik Malik says owners of luxury cars will pay higher rates, while low-income groups will be given cheaper fuel
Published March 20, 2023

The prime minister wants the difference between fuel prices paid by the “affluent and poor income segments to be Rs100”, said Minister for State for Petroleum Dr Musadik Malik, a day after premier Shehbaz Sharif announced a massive relief package on petroleum products.

“You read that the difference (in petroleum rates) should be Rs50. The PM’s order has now come, and he wants the difference to be Rs100,” Malik said at a press conference on Monday.

“It has been decided that the owners of luxury cars will pay a higher price for petroleum products, which will be utilised to reduce the rate for the low-income consumers.

“Similarly, the rich will pay more for gas as well. I would like to inform that the decision pertaining to gas has already been implemented from January 1,” he said.

“Meanwhile, the decisions related to petroleum products will be implemented in the coming six weeks,” he added.

“We will take from those who have been blessed by God and give it to those who are striving to feed their families. This is our policy and it will be reflected in everything else as well,” he added.

Pakistan to receive first cargo of Russian crude in April: Musadik Malik

On Sunday, the prime minister announced that the low-income segment of the country will be given a subsidy of Rs50 per litre as part of the petroleum relief package, Radio Pakistan had reported.

The decision was made at a meeting chaired by PM Shehbaz in Lahore.

Chairing the meeting, the premier said that the consumers using small vehicles including motorcycles, rickshaws, and 800 CC vehicles be included in the petroleum subsidy.

He directed all relevant authorities to finalise a scheme at the earliest and ensure its effective implementation.

“Despite severe economic difficulties, the government is trying to help the poor in every possible way,” the premier added.

Pakistan has been faced with a barrage of woes in recent months with high inflation, a perceived default risk and a downgrade by international rating agencies reflecting the state of the economy that has also had to bear major political turmoil and frequent change in key leadership.

Comments

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Maqbool Mar 20, 2023 06:33pm
Increase Hi Octone by Rs 100 and reduce ordinary Petrol by Rs 50 , but our VVIP who use Vvip cars the country can’t afford , won’t do that will they Minister Sahib ? After all Since Jan 15, the government has increased the prices of HSD and petrol by Rs65 and Rs62 per litre, respectively.. Helping the Elite yet again .
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Haq Mar 20, 2023 07:18pm
Totally absurd, with every increase in petrol & diesel price, impact the masses; goods (food, vegetables) / public transport, distribution.... Perfect recipe for complete devastation of already choked economy
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Aamir Latif Mar 20, 2023 08:19pm
Totally absurd idea and crazy to implement, how can they define that everyone above 800 cc car is well off to afford. What a stupid idiotic logic... No where in the world it happens.. Seems PDM govt has lost its senses to act rationaly, better go home... INTOLERABLE
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Az_Iz Mar 21, 2023 03:45am
If you take money from the rich and give it to the poor, the poor will not become rich. They will still be poor. And the rich will also be poor. So you will be left with only the poor. It is a stupid idea. Like the Chinese saying, don’t give someone a fish. Teach them how to fish.
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Humayun Mar 21, 2023 05:33am
Amazing height of idiocy.
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