Electricity hiked by Rs3.28 per unit in quarterly adjustment,

Govt prepares to notify 45% hike in gas tariff on IMF demand,

Islamabad_Electricity prices in the country witnessed a notable increase of Rs3.28 per unit, 24News HD TV Channel reported on Monday.
According to the report, this price hike is implemented as part of the quarterly adjustment and it is set to remain in effect from October 2023 to March 2024.
As per the report, all the countrywide consumers including residential, commercial, industrial and K-Electric will be subject to the increased rates.
This move is expected to have a substantial financial impact on consumers, with an estimated cost of 146 billion rupees collectively.

Due to the high cost of electricity, an additional burden of 146 rupees will be imposed on all consumers.
Customers using 100 units will pay an extra bill of Rs328.14 monthly while the customers with 200 units will have an additional burden of Rs656.28 per month.
An additional bill of Rs684.42 will be charged for the use of 300 units and Rs912 will have to be paid extra for using 400 units.
For 500 units, customers will get an additional bill of Rs1,140 and Rs1,368 will have to be paid extra for 600 units.
Customers using 700 units will pay an extra Rs1,596 per month.
Consumers will pay Rs114 billion as capacity payment and Rs14 billion will be collected from consumers for using the electricity system.

While,

Caretaker government will announce to hike gas price on the demand of the IMF,

Former PDM government had deferred the decision of the gas price hike.

The International Monetary Fund (IMF) has demanded to enhance the gas prices in the country by 45 percent.

The IMF has demanded to generate 435 billion rupees revenue with increase in gas rates, sources said. The lender has not been prepared to show flexibility in its demand for hike in the gas tariff, sources said.

Sources shared that the government has prepared a strategy to save small consumers of gas from the rate hike by avoiding increase for them. “Caretaker government will save 64 percent gas consumers from the price hike,” according to sources.

The government is expected to announce 45 pct hike in gas rate with an official notification soon, sources said.

The gas tariff hike will come into force from back date of July 1st, sources said.

“The gas consumers will clear their arrears from July to September bills. The gas tariff hike will also be enforced over domestic consumers having increased gas consumption”, sources said.

According to sources, commercial consumers, bread-makers and hotels will likely to consume gas at enhanced rate.

The gas rates will likely to be enhanced for industrial consumers, CNG stations, fertilizer factories and steel industry.

The IMF has demanded an increase in gas tariff from 45 to 50 percent on account of ‘Fuel Adjustment Charges’ from July 01 while emphasizing a crackdown on electricity and gas theft to improve recovery.