The government has approved a major Pakistan petrol price relief fund worth Rs100 billion to stabilize fuel prices and protect consumers from global volatility. The decision came during a meeting of the Economic Coordination Committee, chaired by Muhammad Aurangzeb.

Authorities plan to use this fund under the Prime Minister’s Austerity initiative. The goal is to reduce pressure on petrol and diesel prices as global markets remain unstable due to regional tensions. Officials want to prevent sudden price shocks that could impact everyday consumers and businesses.

The Pakistan petrol price relief fund will draw resources from the Public Sector Development Program through adjustments by different ministries. Officials said this approach will limit disruption to ongoing development projects while ensuring funds remain available for fuel price management.

The move comes at a time when fuel prices face upward pressure due to instability in the Gulf region. By allocating this fund, the government aims to maintain price stability and manage inflation risks linked to energy costs.

In the same meeting, the ECC also approved the procurement of up to one million metric tons of wheat under the Interim National Wheat Policy 2025-26. Authorities will carry out this process through a transparent private-sector mechanism to strengthen strategic reserves and stabilize the market.

Senior officials, including Jam Kamal Khan, Qaiser Ahmed Sheikh, and Rana Tanveer Hussain, attended the meeting along with federal secretaries. The government emphasized flexibility in wheat procurement, allowing adjustments based on crop output, storage capacity, and market conditions.

This dual approach highlights the government’s focus on economic stability. By managing fuel prices and securing wheat supplies, authorities aim to reduce financial pressure on citizens and ensure steady availability of essential commodities.