Electricity prices in Pakistan surged by 35 paisa per unit for three months

ISLAMABAD: The federal government on Wednesday increased electricity prices in Pakistan, hiking per unit price by 35 paisa effective from today.

According a notification issued by the NEPRA today, the increased electricity prices will now remain in in new prices in the next three months, from March to May.

The new rates will apply to all consumers of DISCOs as well as K-Electric, the regulator said in its newly issued notification.

This adjustment comes under the second quarterly review of the current fiscal year, and according to estimates, it will add an extra burden of Rs8.67 billion on consumers.

On international front, crude oil rallied sharply at the start of the conflict, with Brent crude briefly up 8‑13 per cent to multi‑month highs above $80 per barrel on fears of supply disruption from the Middle East.

Prices are still elevated as the war continues, though gains have moderated slightly with market commentary focusing on geopolitics as the dominant price driver.

European diesel prices jumped 17 per cent to 23‑month highs amid the turmoil.

Natural gas prices in Europe have also spiked sharply, contributing to broader energy cost pressures.

Analysts warn supply risks remain acute given attacks on energy infrastructure in the Gulf and shipping disruptions in the Strait of Hormuz, a chokepoint that historically carries a large share of global oil shipments.

Rising insurance costs and tanker rerouting are adding to market uncertainty and prices.

Countries far from the conflict, including Pacific nations, are already anticipating fuel price hikes due to knock‑on effects on global petroleum markets.