In the first two weeks of March 2024, the federal government is anticipated to raise the price of petrol and diesel in addition to raising the cost of natural gas and electricity.
According to reports, the price of diesel will increase by Rs 2.50 per liter and that of petrol by Rs 4.50 per liter. Likewise, a rise of Rs2.92 per liter is anticipated in the price of kerosene oil.
On February 29, the Ministry of Petroleum will get a report from the Oil and Gas Regulatory Authority (Ogra), which would suggest raising the price of petroleum.
In what is reportedly another “electric shock” for the populace affected by inflation, Pakistan’s departing government announced a significant rise in the energy base rate late at night.
In a late-night decision, the National Electric Power Regulatory Authority raised the price of power by Rs7.05 in lieu of fuel adjustment costs for the month of January, when the people of crisis-hit Pakistan are already suffering from record prices.
The increased sum, which would further tax the populace, will take effect during Ramadan in March 2024. Customers that use lifelines or K-electric will not be affected by the price increase.
Customers of electricity would bear an extra Rs66 billion in costs as a result of the most recent NEPRA action.
