ISLAMABAD – The PTI-led federal government on Friday approved an increasein the electricity tariff by Rs1.68 per unit.
According to the media reports quoting sources said that the cabinetapproved the increase in power tariff through a circulation summary.
In a bid to remain in the International Monetary Fund (IMF) programme, thegovernment had sought the federal cabinet’s approval to increaseelectricity tariff by Rs1.68 per unit or nearly 14%.
Considering the summary sent by the Ministry of Energy for approval, thegovernment increased electricity prices by Rs1.68 per unit.
According to the summary, the maximum per-unit electricity price isproposed at Rs24.33 per unit for domestic consumers.
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The power tariff decision will result in the reduction of electricitysubsidies by Rs72 billion during the remaining period of this fiscal year,according to the summary circulated among the cabinet members.
Earlier, the National Electric Power Regulatory Authority (NEPRA) hadincreased the power tariff by Rs1.95 per unit on account of the fuel costadjustment (FCA) for August 2021.
