The Prime Minister’s office announced that the government decided to maintain oil prices without change while taking advantage of the financial space available to reduce the electricity tariff. This step aims to bring direct relief to the public amid high inflation and economic challenges. Instead of lowering fuel prices, the government focuses on lowering the long -term electricity costs, which contribute greatly to home and industrial expenditures.
Prime Minister Shaybaz Sharif stressed that this decision is part of a broader strategy to reduce the tariff of power in a sustainable manner. He stated that a comprehensive plan is completed to introduce the electricity relief package, using fluctuations in global oil prices and other financial adjustments to reduce the burden on consumers. The government believes that this approach will have a more feasible impact on inflation, as low electricity costs benefit both families and companies.
The decision follows demands of 20 rupees per liter in gasoline and diesel prices, given the recent changes in international crude oil rates. However, the government confirms that reducing electricity costs will save a more stable form of relief without disrupting the revenue flows needed for financial management. Officials indicated that the new electricity relief package will be offered in stages, with planned amendments in the coming weeks.
The Prime Minister reiterated his commitment to giving priority to care for public luxury, noting that more cuts in electricity costs will be implemented soon. He also pointed out that the strategy will help reduce inflation to exceeding energy prices only, which contributes to comprehensive economic stability and industrial growth. While fuel prices are still a sensitive issue, the government’s approach aims to ensure the ability to bear the long -term costs of the basic facilities.
