Save Our Pak
Islamabad: The government has made an important decision to avoid increasing petrol prices and instead plans to reduce the development budget by Rs. 100 billion. This move is expected to give some relief to the public.
According to details, the federal government has taken a strong step to stop a possible rise in petroleum prices. Sources said that instead of increasing petrol and diesel prices, the government is planning to cut the current financial year’s development budget.
It was revealed that the government may reduce the development budget from Rs. 1000 billion to Rs. 900 billion. This Rs. 100 billion cut will help control the financial deficit while keeping fuel prices stable.
Government sources also shared that there was a proposal to increase petrol prices by Rs. 55 per liter and diesel by Rs. 75 per liter. However, now the government is seriously considering not increasing these prices.
To manage this plan, funds for ongoing development projects may be reduced by up to 10 percent. This step will help ease the pressure caused by rising fuel costs.
The saved Rs. 100 billion will likely be used for emergency relief and public welfare programs, which can directly benefit citizens.
Sources added that although the price hike was under consideration, the government is now focusing more on budget cuts to protect the public from further inflation.
This decision is expected to help control rising prices and also keep the financial deficit under control.
Reported by Save Our Pak
