Govt plans early market closures amid fuel crisis

The Pakistan government has decided to introduce additional measures under its fuel conservation policy as rising global oil prices continue to strain the economy. Among the key proposals is the early closure of markets across the country to reduce energy consumption.

According to officials, preparations are underway to implement market closures at 8pm starting from April 6. The move aims to shift commercial activities to daylight hours in order to conserve electricity and fuel resources. However, the final decision will be taken after consultations with provincial governments to ensure a unified implementation strategy.

Sources said that the proposal will be finalised through consensus between Prime Minister Shehbaz Sharif, the chief ministers of all four provinces, and the military leadership. The government is seeking a coordinated approach to deal with the ongoing energy crisis.

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The decision comes in the backdrop of severe disruptions in global fuel supplies caused by the ongoing conflict involving Iran, the United States and Israel. As a result, international oil prices have surged to record levels, forcing countries like Pakistan to adopt austerity measures.

Earlier, the government had already introduced steps such as closing schools on Saturdays and limiting the use of official vehicles to reduce fuel consumption. These measures are part of a broader strategy to manage energy resources efficiently during the crisis.

Meanwhile, the government has announced a significant increase in fuel prices. Minister of State for Finance Ali Pervaiz Malik, along with Finance Minister Muhammad Aurangzeb, confirmed that petrol prices have risen to Rs458.40 per litre, while diesel prices now stand at Rs520.35 per litre.

The sharp increase, which includes a hike of Rs138 per litre for petrol and Rs184 for diesel, has raised concerns about rising inflation and its impact on the public.