In the face of the renewed military unrest in the Gulf region, crude oil prices in the world market are rising rapidly. Accoeding to this situation, the increase in fuel prices in the local market is inevitable, it is reported that the government is considering controlling the situation by providing fuel subsidies again.
The three-month fuel subsidy package introduced last April ended in June. By then, due to the Iran-US negotiations that began with the intervention of Pakistan, crude oil prices had stabilized to some extent. Therefore, the Petroleum corporetion was able to reduce fuel prices slightly in the latter half of last month.
However, since the price of crude oil in the world market is currently rising sharply again, it is reported that the government is considering intervening to prevent the burden from being imposed on the people.
Accordingly, sources at the Petroleum Corporation say that there is a possibility of reactivating the fuel subsidy that was given earlier. The government had previously allocated Rs. 57 billion for the fuel subsidy. With this, a subsidy of Rs. 100 per liter of diesel and Rs. 20 per liter of petrol was provided.