The Prime Minister of Pakistan is set to address the nation tonight amid reports of another major increase in petroleum prices, driven by rising global oil rates, escalating Middle East tensions, and the closure of the Strait of Hormuz.
According to sources, petrol may rise by up to Rs55 per liter, while diesel could increase by Rs75 per liter.
Earlier, on March 7, the government had already raised petrol prices by Rs55 per liter, bringing the rate to Rs321.17 per liter, while high-speed diesel climbed to Rs335.86 per liter.
The surge was primarily attributed to international oil price hikes fueled by geopolitical tensions in the Middle East.
In response to the energy crisis, the government has introduced a digital system to provide subsidized petrol to low-income citizens.
Under the plan, 24,000 mobile phones will be supplied to 12,000 petrol pumps nationwide to manage the subsidy via a mobile app. The National IT Board will set phone prices, while oil marketing companies will purchase and distribute the devices to the pumps, with each station receiving two phones.
How will consumers receive subsidized petrol through the app-based system?
