The Ministry of Power issued an explanation regarding an increase in prices of electricity

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The government has approved to increase the price of electricity
The government has approved to increase the price of electricity
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18 paise hike in power prices will not affect current tariffs for power consumers, Power Ministry

The Ministry of Power issued an explanation for the increase in electricity prices. According to a report of a private TV channel, regarding the 18 paise increase in electricity prices, the spokesperson of the Ministry of Power said that the announced increase will not affect the current tariff of electricity consumers. A statement issued by the spokesperson of the Ministry of Power said that a reminder note has been issued on the expiry of the effective tariff, the current unit price of electricity for all slabs will remain the same.
It may be recalled that this evening news came out that the government has increased the unit price of electricity for all domestic consumers by 18 paise. Media sources said that according to the notification issued by the Ministry of Energy, after the recent increase, the price per unit has increased from Rs 13.35 to Rs 13.53.

15 paisa per unit has been increased for consumers using up to 300 units of electricity while 3 paise per unit has been increased for consumers using more than 300 units.

According to the notification, the price hike will be effective from this month which will be applicable for the next 10 months. On the other hand, NEPRA has increased the tariffs of three state-owned electricity distribution companies. A permit has been issued to collect Rs 916 billion from consumers in Gujranwala, Multan, and Sukkur. The government will give final approval to the implementation of NEPRA’s decision. According to officials, a uniform electricity tariff will be imposed in the light of NEPRA’s decision.

Approval was received to receive Rs. 553 billion from the consumers of the Multan region. MEPCO’s average tariff for the financial year 2019-20 has been fixed at Rs 16.52 per unit. Nepra’s average tariff for the financial year 2018-19 has been fixed at Rs 16.88 per unit and Gapco’s average tariff for the financial year 2019-20 has been fixed at Rs 15.69 per unit. According to NEPRA, a total of Rs 334 billion was approved by Gapco customers. More than Rs 16 billion will be collected from Sukkur consumers in terms of distribution tariffs.

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