Pakistan likely to increase electricity prices amid rising fuel costs

ISLAMABAD – Minister for Power, Sardar Owais Laghari, has hinted at an increase in electricity prices following a hike in petroleum prices in Pakistan.

In a post on social media platform X, he wrote: “The energy crisis affects not only petroleum but also gas and furnace oil, which can impact electricity prices”.

He stated that the government is consulting provincial authorities on adjusting market operating hours to manage the ongoing energy crisis. He emphasized that conserving energy would help reduce national pressure.

He added that the government, under Prime Minister Shehbaz Sharif, is taking all possible measures to protect the public from the effects of the crisis.

Laghari urged citizens to contribute to energy conservation, noting that collective efforts would alleviate national stress and accelerate improvement.

On Friday night, PM Shehbaz Sharif announced urgent relief by cutting the petroleum levy by Rs80 per liter, bringing the price of petrol down from Rs. 458 to Rs. 378 per liter.

In his address to the nation, Prime Minister said oil prices are skyrocketing across international markets, creating economic shockwaves even in the world’s strongest economies, and Pakistan is no exception.

PM acknowledged the painful reality faced by ordinary citizens: the poor struggling to keep their stoves burning, farmers grappling with rising costs, and families battling relentless inflation. He said the government deliberately avoided passing the burden of daily fuel price hikes onto the public over the last three weeks. Instead, it absorbed the shock by spending Rs. 129 billion from national resources to shield citizens from the worst effects of the crisis.

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