The Economic Coordination Committee (ECC) has approved an increase in power tariff for domestic consumers using more than three hundred units.
The ECC had a meeting under the supervision of the Finance Minister—Asad Umar for discussing the matters relating to the power sector and the economic indicators.
Asad Umar did not reveal much about the amount of increment made in the electricity tariff.
But he said that power tariff has been increased below than what was expected.
The committee made the decision that the electricity rates would not be increased for the domestic consumers making use of three hundred or lesser units per month. But, the households that consume more than three hundred units in a month would be experiencing the surge in electricity prices of nearly ten per cent.
As per the reports of local media, the government wants to hike the power tariff in two phases. The Ministry of Power is seeking permission from the National Electric Power Regulatory Authority (NEPRA) about increasing the power tariff by Rs 3.74 per unit in two phases, but, the government is having a tough time in making the increase in the prices after NEPRA’s new tariff.
Some relief has been granted to the agriculture sector as the power tariff has been reduced from Rs 10.50 per unit to Rs 5.50 per unit for the sector.