ISLAMABAD (Special Correspondent) – Minister for Petroleum Ali Pervaiz Malik stated on 1 November 2026 that over 12 to 13 million deserving individuals are currently receiving subsidised petrol at pre-war prices. Addressing a university convocation, the Minister highlighted the government’s efforts to mitigate the economic pressures caused by global energy volatility.

Key Points

• Over 12 to 13 million deserving citizens are receiving fuel at subsidised pre-war rates.
• The Minister described the ongoing crisis near the Strait of Hormuz as unprecedented in scope.
• Pakistan has transitioned from blanket subsidies to a more efficient, technology-backed targeted subsidy model.
• The government has explicitly excluded high-income families, such as those owning luxury vehicles, from fuel subsidies.
• Benefits from declining international fuel prices are expected to reach the public automatically through transparent pricing mechanisms.

Addressing Global Fuel Market Disruptions

Minister Malik explained that the disruption surrounding the Strait of Hormuz has created significant challenges for many nations, complicating efforts to manage foreign exchange reserves for vital imports such as oil, gas, and LPG. These global pressures have tested the economic resilience of various countries, forcing families to make difficult financial choices to keep their households running.

Regarding the domestic response, the Minister noted that Pakistan is among the few nations that have successfully shifted from unsustainable blanket subsidies to a targeted approach. This targeted subsidy mechanism utilizes technology to ensure that financial support is directed exclusively toward those who genuinely require assistance, rather than affluent segments of society capable of covering their own costs.

Transparency and Future Price Outlook

Emphasizing the importance of administrative accountability, the Minister affirmed that the government has maintained transparency in the fuel price-setting process. He noted that resources have been strategically preserved to ensure stability, rather than being squandered on those who do not require state aid, such as owners of luxury vehicles.

Looking ahead, the Minister stated that when international market conditions stabilize and prices begin to decrease, consumers will not need to seek intervention from government leadership for relief. Instead, he promised that the economic benefits would automatically reflect in household expenses, provided the current transparent pricing policy continues. The government remains focused on navigating these global hurdles without suffering the structural damage seen in other regional economies.

Frequently Asked Questions

How many people are benefiting from the petrol subsidy program?

The Minister for Petroleum confirmed that over 12 to 13 million deserving individuals are currently receiving subsidised petrol at pre-war prices.

Why did the government move away from blanket subsidies?

The government shifted to targeted subsidies supported by technology to ensure resources are directed only toward those who genuinely need assistance, rather than providing aid to affluent individuals who can easily afford fuel costs.