The federal government has decided to discontinue fuel subsidies previously provided to motorcyclists, public transport operators, freight transport, and farmers.
The decision was taken in a meeting of the National Steering Committee on fuel subsidies, chaired by Deputy Prime Minister Ishaq Dar.
The committee approved the withdrawal of subsidies for motorcycles, rickshaws, small farmers, public transport, and goods transport sectors.
It added that global fuel prices have declined significantly and the benefit of lower international prices has already been passed on to consumers.
The committee agreed to end the subsidy scheme with approval from the Prime Minister.
Previously, motorcyclists, rickshaw drivers, and owners of small vehicles (up to 800cc) were receiving subsidies of Rs. 50 to Rs. 100 per litre.
Public and goods transport operators were receiving monthly subsidies ranging from Rs. 70,000 to Rs. 100,000 to help keep fares low. Small farmers were also being given a diesel subsidy of Rs. 100 per litre.
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