The government has allocated Rs. 15 billion for a diesel subsidy in October as part of a three-month relief package aimed at shielding consumers from the impact of rising global fuel prices amid the ongoing conflict in the Middle East.
The subsidy will apply to auto diesel and industrial diesel, with the government allocating a total of Rs. 40.65 billion for the three-month period from October to December.
Cabinet approval has been granted for a proposal submitted by the President to provide the necessary funding for the subsidy.
Of the total allocation, Rs. 15 billion will be provided in October, followed by Rs. 13.5 billion in November and Rs. 12.15 billion in December.
The government said the measure is intended to prevent domestic fuel prices from rising in line with increases in international market prices and to keep fuel costs at an affordable level for consumers.
The three-month subsidy is expected to help reduce the impact of higher global fuel prices on the public while maintaining domestic diesel prices at manageable levels.
