Prime Minister Shehbaz Sharif Decides to Maintain Petroleum Prices and Announces Relief on Electricity Rates

Prime Minister of Pakistan, Shehbaz Sharif, has announced that the current prices of petroleum products will be maintained, while significant reductions in electricity tariffs are being prepared to provide major relief to the public.

Prime Minister Shehbaz Sharif stated that by keeping petroleum prices at their previous levels, the financial benefit will be passed on to the public through reductions in electricity prices. He emphasized that this step is part of a broader strategy to bring meaningful reductions in electricity rates.

A comprehensive and effective strategy is being finalized to reduce electricity prices, and a package is being developed based on fluctuations in global oil markets and other measures. The Prime Minister confirmed that the announcement regarding the electricity rate relief package will be made in the coming weeks.

Since taking office, Prime Minister Sharif has reiterated his commitment to prioritizing public relief. He expressed confidence that the upcoming reduction in electricity rates will not only provide immediate relief but will also contribute to an overall decrease in inflation.

According to the Prime Minister’s Office, further details about this relief package will be shared directly by the Prime Minister with the nation soon.