ISLAMABAD, Pakistan: The Federal Cabinet has approved the increase in the electricity tariff by Rs 7.91 per unit.
While addressing a news conference along with the Minister of State for Petroleum Musadik Malik in Islamabad on Tuesday, the Minister for Power Khurram Dastgir said that the increase in the electricity tariff will not have an impact on the poorest consumers.
Khurram Dastgir said that the consumers are already paying a big portion of this increase in the form of fuel surcharge, adding that this fuel surcharge will now be reflected in the tariff.
The minister said that there will be an increase of Rs 3.50 per unit in the electricity tariff from July 26 and another increase of Rs 3.50 per unit from the next month whilst in the month of October, the tariff will be increased by 90 paisa per unit.
The minister for power said that these three months will be difficult for the consumers but the electricity prices will start coming down from November 2022 after reflection of fuel surcharge in the tariff.
Khurram Dastgir said that the present government has reduced the circular debt by Rs 214 billion. He said that steps are being taken to reduce line losses.
نومبر سے بجلی کی قیمتوں میں کمی آنا شروع ہو جائے گی ۔۔۔ملک میں صنعتی فیڈر کو بجلی کی فراہمی جاری رہے گی۔وفاقی وزراءخرم دستگیراورمصدق ملک کی نیوزکانفرنس pic.twitter.com/kM7pX8PeL4
— PTV News (@PTVNewsOfficial) July 26, 2022
Furthermore, he told that the Federal Cabinet has decided to provide round the clock electricity to the dedicated industrial feeders in order to protect the livelihoods of the people. He said that it will also be our effort to minimize power interruption on the mixed feeders.
The minister said that the Cabinet has also considered providing gas and electricity to five major export sectors on reduced rates. He said that an announcement to this effect will soon be made. He added that we will give the tariff that is close to the regional countries in order to bolster our exports.
In his remarks, the Minister of State for Petroleum Musadik Malik said that there will be no impact of the electricity price adjustment on 13 million connections or 45 percent of the population.