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World News | Pakistan PM Sharif says govt to provide subsidized petrol to low-income earners

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ISLAMABAD, March 19 (PTI) Cash-strapped Pakistani Prime Minister Sheikh Baz Sharif announced on Sunday that his government will provide subsidized petrol to low-income earners to offset the impact of raging inflation.

The subsidy of Rs 50 per liter is part of the relief package and will be available to those who own motorcycles, rickshaws, 800cc cars and other small vehicles, Sharif told a meeting to review the relief package for the vulnerable.

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“The plan to help the people will be implemented soon and a comprehensive strategy is being developed on the issue,” he said, adding that the government was committed to helping the poor despite the economic difficulties.

He pointed out that motorcycles, rickshaws and small cars are mainly used by low-income people and the subsidy will provide relief to those in need.

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Earlier, The Express reported that the government is working on a Rs 1,200 crore cross-subsidy scheme to ease the burden of the poor who own motorcycles but cannot afford expensive fuel.

It said the government plan included charging an extra Rs 15 per liter of petrol to the rich who own expensive cars to fund fuel subsidy costs for the poor.

Citing sources, the newspaper said Sharif had tasked officials with developing a mechanism to provide subsidized petrol to impoverished motorcycle owners.

A liter of petrol costs about 273 rupees, which is a huge burden for those traveling on motorcycles or small vehicles. The government’s measures are a great relief to these people.

The government has also announced that it will provide free flour to those in need during Ramadan starting March 23.

(This is an unedited and auto-generated story from a Syndicated News feed, the content body may not have been modified or edited by LatestLY staff)

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