New Discount Petrol Card – Ehsaas Program Discount Card – Discount Pertol Card
The current high price for petrol in Pakistan is currently Rs. 234.83 which makes it very difficult for motorcyclists in the majority to pay for it in the face of increasing inflation. So, to shield the people from rising prices for petrol the government is looking at solutions to ease the burden.
Following the success of the Ehsaas Sehat card launch, it is believed it is likely that the PTI government will launch the Ehsaas Petrol card in the coming days. The government is hoping to allow motorcyclists to purchase petrol at a an affordable price as petrol prices rise to record levels.
The current rate for petrol in Pakistan is currently Rs. 234.83 which makes it very difficult for the majority of motorcyclists afford it in the face of rising inflation. Over the last couple of months, the prices of Pakistan’s fuel have seen a steady rise.
The cost of petrol and high-speed diesel(HSD) has been raised by Rs4 per litre over in the initial 15 days from June 26, 2022. PTI administration announced that the price increase to reach the petroleum levy targets that was agreed upon with the International Monetary Fund (IMF).
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In order to shield the population from the increasing cost of petrol the government is exploring options to help. To clarifythe situation, finance minister Shaukat Tarin, presided over an assembly of the Macro-Economic Advisory Group (MEAG) in the Finance Division to discuss the question.
One of the participants reported to the media that they had discussed strategies to aid the middle class from the rising cost of living. The participants discussed proposals such as subsidised fuel or tax relief.
In light of this report, there is speculation that the government may create a scheme to offer subsidized fuel. The program could be similar in concept to popular Ehsaas Sehat Card that provides healthcare at a reduced cost for the general public.
It is important to remember that the government had also considered a similar plan in the month of October last year, following the increase in petrol prices. The cabinet of the federal government with the President Obama in the chair considered a plan to provide the fuel at a reduced cost to motorcycles or rickshaws as well as the owners of public transport vehicles. However, nothing was ever done about it.
Is this not a thought that is popular?
It appears that the government is trying to find ways to reduce the cost of petrol for the general public. It is yet to be determined what kind of relief to the masses. The idea is attracting mixed reaction.
According to some internet users that the idea of giving Ehsaas cards for every item is not a smart plan as it could put pressure on the economy. They suggested that petrol prices must be determined by the market and the government should lower taxes.
However on the other hand, this MEAG meeting also addressed an increase in minimum wages and income as well as internships (for people who are unemployed and educated) as well as economic reforms specifically in the energy industry, and then build upon the current growth pace that has seen 5.6 percent growth in GDP and a 15% increase in exports, more than 10% more taxes paid and remittances, and record-breaking tax collections by boosting confidence in business and removing obstacles to business, as well as ensure that the policies remain consistent.
The session outlined the macroeconomic indicators that are essential to Pakistan’s economy. MEAG members expressed their satisfaction with the improvement in the economy.
Following the launch of the Ehsaas Sehat card launch, it seems to be that the PTI government plans to launch the Ehsaas Petrol card next. The government is hoping to allow motorcyclists to purchase petrol at an affordable price as petrol prices rise to record levels.
The current price of petrol in Pakistan is currently Rs. 147.83 makes it difficult for motorcyclists in the majority to pay it with the increase in prices. Over the last couple of months, Pakistan’s prices for petrol have been steadily increasing.
The cost of petrol and high-speed diesel(HSD) was increased by 4 rupees per litre during the initial 15 days from June 26, 2022. PTI administration announced the price increase to meet the oil levy targets that were agreed upon with the International Monetary Fund (IMF).
To shield the population from the increasing cost of petrol the government is investigating options to help. To clarify the situation, finance minister Shaukat Tarin, presided over an assembly of the Macro-Economic Advisory Group (MEAG) in the Finance Division to discuss the question.
One of the participants informed the media they discussed ways to help the middle class from the rising cost of living. The participants discussed proposals such as subsidised fuel and tax relief.
Based on this report, there is speculation that the government might introduce a program to provide subsidized fuel. The program is similar to the highly successful Ehsaas Sehat Card which provides healthcare at a reduced cost for the general public.
Important to be aware of, the government had also considered a similar plan earlier in the year, in October, following the price of petrol increase. The cabinet of the federal government with the PM in the lead was discussing a suggestion of providing the fuel at a reduced cost to motorcycles as well as rickshaws and public transport vehicle owners. However, nothing was ever done about it.
It appears as if the government is seeking ways to reduce the cost of petrol to the masses. It is yet to be determined what kind of relief to the people. The idea is attracting mixed reactions.
According to some Internet users who have been surveyed, the idea of giving Ehsaas cards for every item is not a smart option as it puts pressure on the economy. They also said that the price of petrol should be determined by market forces and that the government should cut taxes.
However, this MEAG meeting also addressed an increase in minimum wages and income and internships (for those who are educated and unemployed) as well as economic reforms specifically in the energy sector, and then built upon the current growth pace by achieving 5.6 percent GDP growth 15 percent increase in exports, a 10% more the remittances of tax and record collections through enhancing confidence in the business sector and eliminating obstacles to business, as well as ensure that the policies remain consistent.
The session sorted out the key macroeconomic indicators for Pakistan’s economy. MEAG members expressed satisfaction with the economic growth of Pakistan.