The Pakistan government has announced new measures to conserve fuel, including early market closures starting from 6 April. Markets are expected to close at 8 pm to shift business activity to daytime hours and reduce electricity consumption.
Officials said the federal government will consult with provincial administrations before finalizing the plan. Final approval will involve Prime Minister Shehbaz Sharif, four provincial chief ministers, and military leadership, aiming for a coordinated approach.
These steps come amid global fuel supply disruptions caused by the ongoing conflict involving Iran, the United States, and Israel. Rising prices worldwide have forced many countries, including Pakistan, to adopt austerity measures to maintain fuel availability.
Pakistan has already implemented several initiatives, such as school closures on Saturdays and restrictions on government vehicle use. The new early market closures are part of a broader strategy to save electricity and fuel during peak hours.
The government has also announced a sharp rise in fuel prices. Minister of State for Finance Ali Pervaiz Malik and Finance Minister Muhammad Aurangzeb confirmed that petrol will now cost Rs458.40 per litre, while diesel will be priced at Rs520.35 per litre.
This represents an increase of Rs138 per litre for petrol and Rs184 per litre for diesel. Experts warn this could trigger further inflation, affecting households and businesses across the country.
Authorities emphasize that early market closures are not intended to disrupt trade but to encourage energy-efficient practices and prevent shortages. Businesses are being advised to adjust their operating hours accordingly.
The government said these measures will be reviewed regularly, with adjustments made based on fuel supply, electricity demand, and public feedback. Citizens are urged to cooperate with the new regulations to help manage energy resources.
Overall, the combination of rising fuel prices and early market closures marks a significant shift in Pakistan’s energy and economic policies, reflecting the impact of global crises on local consumption patterns.
In other news read more about: Karachi’s Medicine Market Reopens After Temporary Closure
