The Petroleum Division briefed the participants that the fuel supply across the country remains stable and satisfactory
ISLAMABAD:
In a key policy move aimed at tackling the ongoing energy challenge, the government has decided to introduce a targeted subsidy mechanism through a mobile application, with authorities agreeing to speed up a technology-driven system to ensure transparent and efficient delivery of relief.
The decision was taken during a high-level consultative meeting on oil prices and subsidy reforms, chaired by Finance Minister Muhammad Aurangzeb, where federal and provincial leaders converged on the need to balance relief with fiscal discipline.
The meeting emphasized that while limited fiscal space limits broad-based subsidies, a targeted, data-driven approach can help channel benefits to those who need them most.
During the session, the Petroleum Division briefed participants that fuel supplies across the country remain stable and satisfactory, easing concerns over shortages despite regional uncertainty.
The IT Ministry presented a proposal for a modern technology-based system to administer targeted subsidies for petroleum products with the aim of increasing transparency and ensuring efficient distribution.
Provincial representatives reiterated support for coordinated action.
Sindh Chief Minister Syed Murad Ali Shah appreciated the uninterrupted supply of fuel and emphasized the importance of promoting a culture of conservation among the public.
Representing Punjab, Senior Minister Marriyum Aurangzeb said benefits of falling global oil prices must be passed on directly to consumers while calling for formulation of several policy options in line with development conditions.
Khyber-Pakhtunkhwa Finance Minister Muzammil Aslam praised the federal government’s efforts and noted that Pakistan had managed to maintain fuel supply more effectively than many countries in the region.
Balochistan Finance Minister Mir Shoaib Nosherwani also presented his proposals during the meeting.
Officials informed the meeting that the government’s fiscal policy remains limited, largely limited to revenue generated through the oil tax, making it important that any relief package is carefully calibrated to ensure economic stability.
Finance Minister Muhammad Aurangzeb emphasized that the current situation should not be seen as a challenge but as an opportunity for structural reforms.
He emphasized the need for data-driven decision-making to improve transparency in the tax and subsidy systems, while highlighting the importance of encouraging responsible consumption among the public.
The meeting concluded with a consensus to finalize the targeted grant framework using modern technology at the earliest while ensuring close coordination between the federal and provincial governments to implement the system effectively.
