CT Newsroom
The federal government announced on Tuesday that fuel prices will not change for the next two weeks.
As per details, the federal government announced on Tuesday that fuel prices would not change for the next two weeks.
Instead of giving the public the benefit of lower international fuel prices, the government will use the saved money to improve infrastructure in the country.
Prime Minister Shehbaz Sharif, while leading a cabinet meeting in Islamabad, said, “We have decided not to reduce fuel prices. The money saved will be used to help rebuild and develop the country.”
One of the main projects will be upgrading the N-25 highway in Balochistan. This road connects Chaman, Quetta, Kalat, Khuzdar, and Karachi. It will be turned into a dual carriageway and improved to meet motorway standards.
After the cabinet’s decision, the price of petrol will stay at Rs 254.63 per litre and high-speed diesel at Rs 258.64 per litre.
The Prime Minister also announced the construction of two major motorways M-6 from Sukkur to Hyderabad and M-9 from Hyderabad to Karachi. These will also be funded through the savings from fuel prices.
Another important project is Phase 2 of the Kachhi Canal, which will bring water to large areas of farmland in Balochistan.
The Prime Minister said this will help bring progress not only to Balochistan but to the whole country.
He added that Pakistan’s four provinces are like brothers and should share resources fairly. “If Balochistan progresses, Pakistan progresses,” he said.
The cabinet also approved changes to a law the Petroleum Levy Ordinance of 1961, which will help increase government income. It also approved a new plan to issue Sukuk (Islamic bonds) for raising funds to support local development projects.
