Ministers Warn of Energy Crunch as Fuel Costs Spiral, Relief Scheme Rolls Out

Federal cabinet members have sounded the alarm over a looming energy crunch, citing spiraling fuel prices, international crude surpassing $100/barrel, and disruptions in the Hormuz Strait. Despite these challenges, the government insists prudent planning averted a worse crisis and is rolling out a nationwide fuel relief scheme offering Rs100/litre subsidy. Energy Minister Leghari noted domestic resources kept power plants running, avoiding further load shedding and Rs10.6bn in consumer tariff hikes. This situation, coupled with potential austerity measures, could pressure the Pakistani Rupee and increase demand for safe-haven assets like gold.

بحوالہ / Source: www.dawn.com