PM Shehbaz to announce power tariff cuts as petroleum prices remain unchanged
Business
Petroleum prices remain unchanged, PM promises reduction in power rate
ISLAMABAD (Dunya News) - The federal government has decided to maintain the price of petroleum products while the rate of electricity would see a possible reduction in the coming days.
Sources told Dunya News that a major relief would be provided to the public soon by significantly reducing electricity prices. It has been decided to pass on the full financial benefit to the public in electricity prices while keeping petroleum rate unchanged.
Experts think that this move of the Prime Minister is one of the many other steps that would lead to meaningful reduction in electricity prices. A package prepared with comprehensive and effective strategy to reduce electricity prices would see the light of the day soon.
Prime Minster is spearheading this package to provide major relief to the public in electricity prices through the financial capacity created by the difference in oil prices in the global market and other measures.
It should be noted that PM had pledged to prioritize public relief as soon as he took office.
