Govt approves increase in power tariff by Rs7.91 per unit

By: News Desk
Published: 05:25 PM, 26 Jul, 2022
Govt approves increase in power tariff by Rs7.91 per unit
Stay tuned with 24 News HD Android App
Get it on Google Play

The federal cabinet has approved an increase in electricity prices by Rs7.91 per unit in three phases. 

Federal Minister for Power Khurram Dastgir and Minister of State for Petroleum Musadik Malik announced the new power tariff at a press conference in Islamabad on Tuesday.

The federal ministers said that the government has approved an increase of power tariff by Rs3.50 per unit from today (Tuesday, July 26) and the second hike of the same charges will be implemented next month.

In the third phase in October, the electricity rates will be increased by Rs0.91 per unit, the federal ministers said.

Federal Minister Khurram said his government has decided to increase power tariffs with no impact on poor consumers.

He assured the nation that the electricity rates will start decreasing from November after reflecting of fuel surcharge in the tariff.

Khurram said the hike would have no such impact on the consumers as the increase had already been reflected in the monthly bills on account of fuel price adjustment.

The minister said the cabinet had also decided to provide a smooth and uninterrupted power supply round the clock to the dedicated industrial feeders to protect the livelihoods of the people.

He said they would give the tariff that was close to the regional countries in order to enhance the country’s exports. The minister said the prime minister was personally monitoring the entire situation. 

To a query, he said the incumbent government inherited Rs2,467 billion circular debt which had been brought down by Rs214 billion in short term.

The minister said Imran’s government delayed main power projects including 1320 MW Shanghai Thar Coal, 1200 MW Trimmu RLNG, 1320 MW Jamshroo and 720 MW Karot hydropower to provide benefit to their blue-eyed.

To another question, the minister said the entire tunnel of Neelum Jhelum was being de-watered to assess the real issues while the Guddu power plant was generating 460 MW.

State Minister Dr Musadik Malik expressed confidence that the electricity price would start coming down from October-November due to effective policies of the government.

The minister said there were strict directives of Prime Minister Shehbaz Sharif to protect poor segments of the society from additional financial burden, adding there were almost 27 million domestic electricity consumers in the country, out of which 13 million families would have no negative impact on the tariff’s rebasing.

“In the new adjustment, it has been ensured that 13 million families (almost 80-85 million people) will remain protected. This tariff adjustment will not affect them,” he added.

On the network of Sui Northern Gas Pipelines Limited alone, he said, around 780 Metric Million Cubic Feet per Day (MMCFD) of gas was available against the average winter demand of 1,150 MMCFD of domestic consumers in Punjab and Khyber Pakhtunkhwa only.

He said the government was in process of devising an effective strategy and exploring all possible means to meet the upcoming peak winter needs of gas consumers.

The minister held the PTI government for the prevailing energy crisis in the country as it had miserably failed to make arrangements for the availability of Liquefied Natural Gas (LNG), keeping in view the next 2-4 years’ needs of the country.

Categories : Latest, Pakistan