PM Decides to Freeze Petroleum Prices, Redirects Impact to Lower Electricity Tariffs
ISLAMABAD: Prime Minister has decided to keep petroleum prices at their current levels while channeling the financial impact toward reducing electricity tariffs, signaling a major relief measure for the public.
The move is part of a broader strategy to ease the burden on consumers struggling with high utility costs. “We have decided to maintain fuel prices at the existing level and pass on the entire financial benefit to electricity tariffs,” the prime minister said.
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A detailed plan to lower electricity prices is in the final stages, with officials working on a structured relief package. The prime minister emphasized that this initiative, coupled with other measures, would bring about a “meaningful reduction” in power tariffs.
The relief package will leverage financial flexibility created by fluctuations in global oil prices, along with other economic adjustments, to provide substantial relief to consumers. The government is expected to announce the final package in the coming weeks.
The prime minister stressed that the reduction in electricity costs would have a ripple effect on inflation, potentially easing price pressures across the economy. “Lower power tariffs will not only benefit consumers directly but will also help in curbing overall inflation,” he stated.
Since taking office, the government has prioritized public relief, the prime minister said, reaffirming his commitment to providing further economic ease in the weeks ahead.
A formal announcement on the details of the relief package is expected soon, with the prime minister set to personally address the nation on the matter.
