High-speed diesel is essential for the heavy transport sector and large-scale power generation. In contrast, petrol is the primary fuel for private vehicles and two-wheelers. [Source: https://www.dawn.com/news/2003697/govt-cuts-petrol-diesel-prices-by-rs22, 29 May 2026]
64012
Which of the following best describes the primary mandate of the New Development Bank (NDB) in the context of global development finance?
The New Development Bank, established by the BRICS nations, focuses specifically on mobilizing resources for infrastructure and sustainable development projects, distinguishing its mandate from the IMF's focus on balance-of-payments support.
The Oil and Gas Regulatory Authority (OGRA) is the designated body responsible for issuing notifications regarding petroleum product price changes in Pakistan. The State Bank and FBR do not manage retail fuel price notifications. [Source: https://www.dawn.com/news/2003697/govt-cuts-petrol-diesel-prices-by-rs22, 29 May 2026]
64014
Following the announcement on April 2, 2026, what is the new price of high-speed diesel (HSD) per litre?
The government officially raised the price of high-speed diesel to Rs520.35 per litre. Rs458.40 refers to the new price of petrol, while Rs457.80 is the price of kerosene. [Source: https://www.dawn.com/news/1987901/govt-hikes-petrol-price-to-rs458-per-litre-hsd-price-to-rs520-per-litre, 02 Apr 2026]
64015
Who is the current Petroleum Minister of Pakistan who announced the fuel price hike on April 2, 2026?
Ali Pervaiz Malik serves as the Petroleum Minister and led the press conference regarding the fuel price adjustments. Muhammad Aurangzeb is the Finance Minister, while Shehbaz Sharif is the Prime Minister. [Source: https://www.dawn.com/news/1987901/govt-hikes-petrol-price-to-rs458-per-litre-hsd-price-to-rs520-per-litre, 02 Apr 2026]
64016
Which sector contributes 24 percent to Pakistan's gross domestic product and is eligible for a one-time subsidy of Rs1,500 per acre?
The agriculture sector, which accounts for 24 percent of the GDP, was identified as a priority for food security, leading to the provision of a one-time subsidy for small farmers. [Source: https://www.dawn.com/news/1987901/govt-hikes-petrol-price-to-rs458-per-litre-hsd-price-to-rs520-per-litre, 02 Apr 2026]
64017
What is the monthly subsidy cap provided for two-wheelers under the government's new relief initiative?
The government announced a targeted subsidy of Rs100 per litre for two-wheelers, subject to a monthly consumption cap of 20 litres. This measure is intended to provide relief to low-income commuters. [Source: https://www.dawn.com/news/1987901/govt-hikes-petrol-price-to-rs458-per-litre-hsd-price-to-rs520-per-litre, 02 Apr 2026]
64018
Consider the following statements about the fuel price adjustments announced on April 2, 2026:
1. The price of kerosene was increased to Rs457.80 per litre.
2. The government rejected multiple previous recommendations for fuel price hikes since the regional conflict began.
3. The new fuel prices were made effective immediately on the day of the announcement.
Which of the statements given above is/are correct?
Statement 1 and 2 are correct. Statement 3 is incorrect because the Petroleum Minister explicitly stated that the new prices would be effective from Friday, not the day of the announcement. [Source: https://www.dawn.com/news/1987901/govt-hikes-petrol-price-to-rs458-per-litre-hsd-price-to-rs520-per-litre, 02 Apr 2026]
64019
Consider the following statements about the fuel price adjustments announced on May 29, 2026:
1. The government reduced the price of petrol and high-speed diesel by Rs22 per litre each.
2. The new prices for petrol and high-speed diesel were scheduled to take effect on May 30, 2026.
3. The government has been providing fuel subsidies specifically for public transport and motorcycle commuters.
Which of the statements given above are correct?
All three statements are factually accurate based on the government's announcement. The price cut was Rs22, the effective date was May 30, and the government confirmed existing subsidy programs for public transport and two-wheelers. [Source: https://www.dawn.com/news/2003697/govt-cuts-petrol-diesel-prices-by-rs22, 29 May 2026]
64020
Which of the following statements regarding the government's subsidy initiatives announced on April 2, 2026, is INCORRECT?
The subsidy for two-wheelers is provided for a duration of three months, not six months. The other statements accurately reflect the financial support measures announced by the Finance Minister. [Source: https://www.dawn.com/news/1987901/govt-hikes-petrol-price-to-rs458-per-litre-hsd-price-to-rs520-per-litre, 02 Apr 2026]
