The federal government has prepared a summary regarding a hike in power tariffs.
The summary has been prepared and will be approved during a meeting of the Economic Coordination Committee scheduled to be chaired by Finance Minister Asad Umar tomorrow.
The sources said “Recommendations have been made for increase in prices for the years 2016-17 and 2017-18 as per which the price per unit is expected to rise to Rs 3.75.”
“With the recommended hike in power tariff, an additional Rs 400 billion per month is expected to be collected from consumers,” sources added.
Last month, the National Electric Power Regulatory Authority (NEPRA) approved an increase of Rs 1.16 per unit in electricity prices. However, the ECC had deferred announcing hike in power tariff.
The government has been earlier criticized for hike in power and gas tariffs.