Electricity Tariffs Are Most Likely to Hike Up By Rs 3.75 / Unit


Electricity Tariffs Expected to Go Up By Rs 3.75 / Unit

Just after the latest increase in the gas taxes, the government is most likely to increase electricity tariffs by Rs 3.75 per unit, according to sources.

On Tuesday (today), an Economic Coordination Committee (ECC) meeting chaired by Finance Minister Asad Umar, will be discussing and deciding whether or not to increase the tariffs on electricity.

On Monday, a summery was prepared by the government regarding a hike in power tariffs.

“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,” sources said.

“With the recommended rise in power tariff, an additional Rs 400 billion per month is expected to be collected from consumers,” sources further added.

Apart from that, the Federal Minister for Energy Umar Ayub also revealed that Prime Minister Imran Khan has instructed the government to reduce the financial burden induced on a common man.

Earlier a day before, the finance minister of Pakistan mentioned that the Pakistan Tehreek-e-Insaf (PTI) government had further reduced the financial burden on common men, as compared to the tenure of Pakistan Muslim League-Nawaz (PML-N)’s government, which had hiked up the taxes on necessary items that a common man needed. They also increased electricity prices, which led to many common residents of the country to suffer in the dark as they were unable to pay the bills.

The finance minister also added that the current government has only imposed taxes on expensive mobile phones and luxury cars.


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