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Story summary
- On March 6, 2025, panic buying at fuel stations in Pakistan followed the government announcement of rising fuel prices after oil surged above $100.
- Prime Minister Shehbaz Sharif announced austerity measures on March 9, 2025, including 20% reduction in government spending and four-day workweek.
- Fuel prices rose by 55 rupees, the highest ever.
- Inflation could rise from 7% to 9.25%.
- The government said petroleum stocks would last four weeks.
