Govt plans to reduce electricity price by Oct: energy minister

ISLAMABAD: Minister for Energy Khurram Dastagir Khan on Tuesday said the government was making efforts to reduce power tariff and boost economy.

Talking to a private TV channel, he said measures were being taken to cut electricity prices in next two months.

Meanwhile, the PML-N-led coalition government has once again increased the price of petrol by Rs 6.72 to Rs 233.91 a litre, whereas the rate of diesel decreased by just 51 paisa.

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PML-N govt once again increases price of petrol by Rs 6.72 to Rs 233.91

The PML-N-led government has once again increased the price of petrol by...

Earlier, reports in electronic and print media were circulating that the government would decrease the prices of POL products and give relief to the masses.

It is pertinent to mention that the prices of POL products are on the decline in the international market and today Brent Crude per barrel stands at US$90 in the world market while during the PTI regime it stood at US$ 105.

Talking to Bol News TV, PTI leader and former minister for petroleum Hammad Azhar said that this is the incompetency of the imported government as it had bought petrol in advance in July from the global market and secondly it was the negative impact of the devaluation of Rupee against US dollar so the government is not able to give any relief to the people of the country.

He further said that the other countries of the world are giving the benefit of a decrease in POL products’ prices to their masses.

However, the Finance Division in its notification said, “In the wake of fluctuations in petroleum prices in the international market and exchange rate variations, the government has decided to revise the existing prices or petroleum products to pass on the impact to the consumers.”