Electricity price may go up by Rs3 to Rs5 per unit

The government is currently deliberating increases in electricity, gas, and petroleum prices, prompting apprehension among the public, reported 24NewsHD TV channel Friday.

The proposed changes in electricity tariffs are anticipated to result in an increase ranging from Rs 3 to Rs 5 per unit.

The decision on when and how much the electricity prices will rise is currently pending the final approval of the federal cabinet. These potential changes have the potential to impact households and businesses across the country.

Furthermore, the government is also expected to announce an increase in gas prices in the near future, as per sources.

The Oil and Gas Regulatory Authority (OGRA) has reportedly submitted a recommendation to the government, proposing a substantial 50% increase in gas prices. If implemented, this decision could have significant implications for consumers who rely on gas for various purposes, including cooking and heating.

In addition to electricity and gas, the government also possesses the authority to impose a higher levy on petrol and diesel. The current levy on these fuels stands at Rs 50 per liter. However, sources suggest that the government has the ability to raise the levy by up to Rs 10 per litre, potentially reaching a total of Rs 60 per litre.

These potential price hikes, if implemented, may exert additional financial pressure on individuals and businesses already grappling with economic challenges. The rising costs of essential utilities and fuel can contribute to a higher cost of living and impact various sectors of the economy.