Govt likely to increase electricity prices by Rs3.75 per unit

ISLAMABAD (92 News) – The government is likely to increase electricity price by Rs3.75 per unit. As per details garnered, the final decision will be taken in the Economic Coordination Committee meeting headed by Finance Minister Asad Umar tomorrow. It was reported that the government will collect additional Rs400 billion after hiking power tariff which is being carried out for 2016-17 and 2017-18. Earlier, the Economic Coordination Committee (ECC) of the cabinet had deferred the summary for increase in electricity prices after Finance Minister Asad Umar objected to the tariff determination formula.