Pakistan Rupee Exchange Rate
The government’s fuel plan to increase electricity tariffs by 25% intended to address the power firms’ revenue needs, scheduled for July 1, 2025. On the other hand, the fall in pump prices of both petrol and diesel brings some relief to cash-strapped customers weighed down by the inflation. Nepra, the National Electric Power Regulatory Authority is going to conduct a public hearing on 23rd May to hear the case that CPPA (Central power purchasing Agency) has submitted for the increase of Rs4. 40 to Rs6. FY25 the whole PPP is going to be reduced by 11% or 51 per unit per unit. As per the projections, the revenue of power companies might increase and the increased demand could also drive the sales to the tune of Rs.4 trillion with the objective of this hike being achieved.
Alongside, the government has issued an equally laudable reduction in petrol and high-speed diesel (HSD) prices which will be in effect from May 16, 2022, reducing the burden on citizens. Petrol faces a Rs15 cut of price. Rs273/- per litre, with a sale price of 39/- a litre. 10, and on the contrary, the HSD sees a jump down in Rs7 The steepest one was Rs108 per litre, and now it is Rs274. 08. This is the first step after a long downward trend of petroleum prices around the globe. By implementing OGRA, consumers’ prices have been meticulously synchronized with the international fluctuations.
The ease of the fuel prices is likely to ease the inflationary pressure, especially in the transport and agriculture sectors where HSD is used on an impaired scale. Also, the government is on the path of reducing the price of kerosene oil by Rs9. High-speed diesel (HSD) by Rs 6.6 per litre and light diesel oil (LDO) by Rs 7. Specifically, it is worth noting the fact that its gas price is 9p per litre, which in addition to the consumer relief.
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These actions, in fact, epitomize the government’s goal to secure the energy economy while taking care of the consumers during times of economic hurdles. The regulators have regulations that govern the proposed tariff adjustments and the monitoring of fuel price dynamics, and in response a balance approach to fulfill both the electricity industry needs and consumer affordability is expected.
