The Pakistan government is moving swiftly to introduce a subsidised petrol scheme for motorcyclists following a significant recent increase in petrol prices. The initiative plans to offer up to 20 litres of petrol per month at a reduced rate, initially targeting motorcycles with 70cc engines.
Under this proposed program, petrol could be sold at Rs100 per litre less through a quota system applicable to motorcycles and rickshaws, potentially starting as early as next week. The Ministry of Information Technology and Telecommunication has developed a mobile application to streamline the registration process for eligible motorcycles.
This proposal is set to be submitted to Prime Minister Shehbaz Sharif for approval soon. The subsidy will be restricted to registered 70cc motorcycles, excluding higher-capacity or luxury bikes. Vehicles that are unregistered or awaiting registration will not be eligible for the discount.
In a significant development, the government announced a major petrol price hike on Thursday night. Petroleum Minister Ali Pervaiz Malik, speaking alongside the finance minister at a press conference, revealed that the new petrol price is Rs458.40 per litre.
Minister Malik highlighted that the ongoing regional conflict has severely impacted global energy prices, compelling the government to make tough but necessary decisions. He expressed gratitude to the President, chief ministers, and coalition partners for their support during this challenging period.
Additionally, the minister mentioned that Prime Minister Shehbaz Sharif has introduced austerity measures, including salary reductions for cabinet members, emphasizing the importance of national unity in facing these economic challenges.
