Pakistan imposes lockdown-like measures amid fuel, gas crisis: Foreign travel ban, markets shut by 9 pm
Pakistan is grappling with a severe fuel and gas crisis, attributed to rising global oil prices stemming from the war in West Asia, threatening nationwide energy supplies. In response, the government has implemented austerity measures, including a 50% cut in fuel allocation for government vehicles and a 9 pm closing time for markets, while a fuel subsidy program faces implementation challenges.
Why it matters
This crisis and the government's austerity measures are significantly impacting daily life and the economy in Pakistan, highlighting the country's vulnerability to global geopolitical events and energy market fluctuations.
Pakistan is currently going through a massive fuel and gas crisis caused by the ongoing war in West Asia. The war between the US and Iran has led to a rise in global oil prices, threatening nationwide gas and power supplies across the country, according to a PTI report.People in Pakistan are already under pressure due to rising diesel and petrol prices. The government on Tuesday raised the price of petrol by PKR 4.10 per litre and high-speed diesel by PKR 6.41 per litre, taking them to PKR 384.34 and PKR 415.83 per litre, respectively.Also Read | Bangladesh faces gas shortages, Pakistan fuel pain as Gulf crisis worsens The government also introduced a fuel subsidy that came into effect on Wednesday to ease the sharp rise in fuel prices, Reuters reported.
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