After increasing the prices of petroleum products by Rs9 per liter, now Federal government on Wednesday (May 8) has decide to increase power and gas tariff after accepting the International Monetary Fund’s demand for increasing electricity and gas prices.
Government has reportedly agreed to make National Electric Power Regulatory Authority (NEPRA) autonomous for making decisions regarding the electricity tariff independently. As per details, the consumers would pay Rs340 billion in three years on account of electricity and gas.
Minister for Power Omar Ayub on Wednesday, while addressing a press conference, confirmed the hike in prices and said “There will be an increase in the price of electricity in stages over the next year and a half.” He further said National Electric Power Regulatory Authority (NEPRA) wants to increase the price to Rs2 per unit, however, increasing the price by a rupee or two will not be accepted by the public.
Government is already facing pressure by opposition and public after increasing prices of petroleum products, so, let’s see what will be the consequences after implementations of these difficult decisions.
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