Fuel, power prices set to rise in budget

KARACHI:

The government has assured the IMF of sweeping economic reforms ahead of the 2025-26 federal budget, including increases in fuel, electricity, and gas prices, officials said, a move expected to place additional financial pressure on the public.

Starting July 1, the government plans to implement a series of fiscal measures aimed at reducing the budget deficit and tackling the country’s growing energy-sector debt.

These measures include additional levies on petroleum products, a new debt service surcharge on electricity bills, and adjustments to gas tariffs. Electricity prices will be rebased annually, while gas prices are expected to be adjusted twice.