Another Rs3 per unit increase shock in store for power consumers
Pakistan
The increase will bring average price from Rs29 to Rs33 per unit
ISLAMABAD (Dunya News) - Following the recent International Monetary Fund (IMF) agreement with Pakistan, there are plans to raise the price of electricity by another Rs3 per unit.
This increase will bring the average price of electricity from Rs29 to Rs 33 per unit. After the inclusion of taxes, per unit price may cross Rs53 (in peak hours).
It has been reported that the government recently made a commitment to the IMF to raise electricity rates by Rs8 per unit. As a result, the price of electricity was already increased by Rs4.96 a few days ago. Now, there is a proposal to further increase it by Rs3 per unit.
The government will submit a working paper to the National Electric Power Regulatory Authority (Nepra) to support this price hike.
Sources reveal that once Nepra approves the increase, a formal notification will be issued. This price increase is necessary for the government to generate a revenue of more than Rs3 trillion in the ongoing financial year.
The government recently announced the inclusion of radio fee in electricity bills, following the television fee model to generate additional revenue. Consequently, consumers will be required to pay an additional Rs15 as a radio fee for each month.
