The Pakistan early market closures fuel policy is being introduced as part of broader efforts to conserve energy amid rising fuel costs. Authorities are preparing to enforce early market closures amid surging global oil prices.
Under the proposed plan, markets may close at 8 pm starting April 6, shifting commercial activity to daylight hours to reduce electricity consumption. Officials said the federal government will consult provincial administrations before finalising the decision.
Approval is expected through consensus between Prime Minister Shehbaz Sharif, the four chief ministers, and the military leadership. This coordinated approach aims to ensure smooth implementation across the country.
The move comes as global fuel supplies face disruption due to the ongoing conflict involving Iran, the United States, and Israel. As a result, oil prices have reached record highs worldwide. Pakistan, like many countries, is adopting austerity measures to manage limited fuel resources and maintain supply stability.
Read: Pakistan Plans Petrol Subsidy for Motorcyclists Unveiled
In addition to early market closures, the government has already introduced several conservation measures. These include closing schools on Saturdays and restricting the use of official vehicles to cut fuel consumption. Officials say these steps are necessary to reduce overall energy demand.
The government has also announced a significant increase in fuel prices. Petrol now costs Rs458.40 per litre, while diesel has been set at Rs520.35 per litre. This marks a sharp rise of Rs138 per litre for petrol and Rs184 per litre for diesel, pushing prices to historic highs.
The sharp increase in fuel prices has raised concerns about a new wave of inflation. Higher transport and energy costs are expected to affect daily expenses nationwide. Authorities have urged national unity as the country navigates economic challenges linked to the global energy crisis.
