Tariff price hike approved by Govt, sources
As per sources. the federal cabinet has authorised a rise in tariff power prices of Rs1.68 per unit on Friday (today).
According to reports, the price has risen as a result of quarterly tariff revisions. The increased price will be added to the consumer’s bill in October.
The clearance was provided via a circulation summary, according to the sources, who also stated that the National Electric Power Regulatory Authority (NEPRA) had decided to raise power rates in response to quarterly tariff adjudications.
The federal cabinet postponed a plan to raise energy and gas rates last week. Finance Minister Shaukat Tarin also said that government will not increase the tariff prices immediately, but as per the sources, the decision to raise tariff prices is quite contrary to the statement.
According to reports, the federal cabinet rejected to accept the planned increase in gas and electricity rates at the instruction of Prime Minister Imran Khan. The cabinet, on the other hand, had approved the rest of the choices made during the Economic Coordination Committee (ECC) meeting on October 1.
Previously, the International Monetary Fund (IMF) suggested that Pakistan raise energy prices by Rs1.40 per unit in order to assist Pakistan handle its cyclical debt.