Govt may increase electricity tariff by Rs3 per unit from next month

By: News Desk      Published: 05:17 PM, 19 Dec, 2020
Govt may increase electricity tariff by Rs3 per unit from next month

Pakistani people should brace themselves for an electric shock as the government is pondering to increase the electricity prices by Rs3 per unit, reported 24NewsHD TV channel Saturday.

According to details, the government has succumbed to the International Monetary Fund’s pressure and has decided to increase the electricity prices.

The channel while quoting the sources of the Finance Ministry reported that the increase in the electricity tariff would be implemented from the next quarter for the revival of the IMF programme that has been on a standstill since the coronavirus pandemic hit the country.

After this increase, the basic tariff for the electricity could shoot upto Rs17 per unit.

Pakistan is already facing power outages in most of the cities with unannounced loadshedding adding the woes of the citizen in cold weather. The misery of the people this winter has already increased manifold due to the unavailability of the gas supply.

Moreover, Nepra is already increasing the electricity tariffs every month in the name of fuel adjustments. With the country facing record inflation, the increase in the electricity prices would further deepen the economic crisis of the country, which has registered a negative GDP growth figure in the previous fiscal year.

Categories : Business