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Pakistan spent $2.6 billion to freeze fuel prices before Eid despite rising global oil costs.
The Pakistani government has absorbed Rs69 billion in costs to stabilize fuel prices, preventing further increases ahead of Eid-ul-Fitr despite rising global oil prices tied to Middle East tensions.
Finance Minister Muhammad Aurangzeb said supply remains stable, with efforts underway to improve conditions by April through demand management, energy conservation, and a targeted relief package for vulnerable groups.
Prime Minister Shehbaz Sharif has rejected additional hikes, while officials monitor regional risks to energy infrastructure.
The government also plans to compensate oil companies for price differentials, with Rs48 billion allocated.
Pakistán gastó $ 2.6 mil millones para congelar los precios del combustible antes del Eid a pesar del aumento de los costos mundiales del petróleo.