In a ground-breaking move, the federal government declared it will offer low-income individuals a subsidy of Rs. 50-100 per litre as part of a petroleum relief package.
The declaration was made following a meeting in Lahore that was presided over by Prime Minister Shehbaz Sharif, according to the specifics.
The Prime Minister has also tasked the pertinent agencies with finalising the plan and ensuring that it is put into force as quickly as possible.
Notwithstanding the country’s grave economic challenges, this action is intended to aid the underprivileged, and the final proposal will be presented to the government in six weeks.
It is important to note that the decision was made just a few days after gasoline prices rose to Rs272.00 a litre.
Who Can Get Cheap Gasoline?
According to the suggested standards, the beneficiary will be:
Males between the ages of 30 and 35 earn an average of Rs. 37,472 per month.
five people make up your family
C social and economic class
Customers that drive compact vehicles will be eligible for the subsidy, including:
- Cars up to 800 CC
Blue-collar workers: The programme benefits blue-collar workers including mechanics, plumbers, and electricians as well as mid- or lower-level government officials as well as users of ride-hailing services and food delivery apps like Bykea and Foodpanda.
Beneficiaries of the Benazir Income Support Programme: The National Socio-Economic Registry has recognised the only female beneficiaries of the BISP as being the lowest and most vulnerable (NSER).
The government intends to add a second column to the BISP application form that will look for any other members of the immediate family who also own motorcycles in order to more precisely target the subsidy.
According to sources, the new subsidy will increase the lower-class population’s monthly disposable income by roughly 15 to 130 percent.
How to Get Cheap Fuel Through the Program?
Mussadik Malik, the minister of state for petroleum, recently briefed about the plan to implement the gasoline subsidy for low-income individuals.
He emphasised that the gasoline subsidy programme would be divided into three phases:
Getting the funds
Beneficiaries’ registration (and vehicles)
distributing affordable fuel
Here is how it will operate:
Musaddiq emphasised that the money collection plan is not a system for fuel subsidies; rather, it will function by raising the price of gasoline for the “rich” and lowering it for the underprivileged.
First things first, the “wealthy” will pay more for gas. For instance, the “wealthy” (those with cars over 800cc or those who have used up their monthly cheap fuel quota) may be taxed Rs. 350 per litre of gasoline if the present cost is Rs. 300 per litre.
Dealers will then pay Oil Marketing Companies (OMCs) this additional sum (Rs. 50 per litre), and OMCs will deposit it into a unique escrow account that will be set up (probably in NBP).
enrolling qualified citizens (and their vehicles)
Every citizen’s information, including their CNIC (including mobile number), name, and vehicle registration information, is already stored in the national database.
These information will be used to register eligible citizens for the discounted gasoline programme automatically.
Also, they will instantly receive a text message letting them know that they have been registered for the programme and are qualified for the discounted gasoline.