Prime Minister Shehbaz Sharif announced that electricity bills have significant relief while maintaining unchanged oil prices, Express News reported.
The Prime Minister said that instead of reducing fuel prices, the financial margin created by global oil price fluctuations would be used to reduce electricity prices.
“This is one of the many measures that we take to provide significant reductions in electricity rates,” he said. “A complete and effective strategy is being finalized to guarantee lower power rates.”
The government is expected to reveal a set of rescue in the coming weeks, taking advantage of the financial space created by the global variations in oil prices and other economic measures.
Prime Minister Shehbaz has reaffirmed the commitment of his administration to prioritize the assistance of the public, saying that the price cuts to come to come would also help to slow inflation.
According to a statement from the Prime Minister’s office, Shehbaz Sharif will soon be addressed to the nation to describe the rescue measures.
