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Govt plans to extend energy tariff by Rs3.9 per unit: report

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The federal government had banned the rise in tariff due to the primary wave of coronavirus from November 2019 to June 2020. File picture
  • The federal government plans to extend the ability tariff by Rs3.4-3.9 per unit for the customers utilising 300 models a month.
  • The event comes beneath the pinnacle of FCA (Gas Prices Adjustment).
  • The Energy Division (PD) has despatched a abstract to Financial Coordination Committee (ECC) that’s scheduled to fulfill at present (Wednesday).

ISLAMABAD: The federal government plans to extend energy tariff by Rs3.4-3.9 per unit for the customers utilising 300 models a month and personal agriculture customers, The Information reported on Wednesday.

The event comes beneath the pinnacle of FCA (Gas Prices Adjustment).

To this impact, the Energy Division (PD) has despatched a abstract to Financial Coordination Committee (ECC) that’s scheduled to fulfill at present (Wednesday).

It is going to search approval of passing the web improve of Rs3.4-3.9 per unit in electrical energy tariff with an influence of Rs17 billion for the interval ranging from November 2019 to June 2020.

The PD argued that the increase is critical for making the IMF program operational.

“The financial burden amounting to Rs17 billion would be recovered from the consumers in the months of March and April 2021,” a senior official aware about the event informed The Information.

Learn extra: Petrol costs in Pakistan to stay the identical in March

“This increase will be in addition to FCA of January 2021 and the recent increase of Rs1.95 per unit in the base tariff.”

Gas price for energy technology is a pass-through merchandise, and gas prices are handed on to customers on month-to-month foundation beneath the regulation.

The federal government had banned the rise in tariff due to the primary wave of coronavirus from November 2019 to June 2020.

Nevertheless, the PTI authorities has determined to move the influence of Rs17 billion to these customers who’re having fun with the subsidy such because the customers who devour 300 models a month and agriculture models.

Nevertheless, lifeline customers won’t be affected. The monetary burden of Rs17 billion shall be handed on to customers within the billing of March and April 2021.

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