- The government reduces the power rate of RS8 per unit from April.
- RS4.73 per unit reduction unit remains permanent due to revised energy policies.
- RS1.30 per relief unit lasts a month of fuel price savings.
Islamabad: Prime Minister Shehbaz Sharif would reduce RS8’s electricity rate per unit on March 23, following the approval of the International Monetary Fund (IMF).
The revised prices will take effect from April 1, 2025, consumers should see lower invoices from May, The news reported Wednesday.
“However, on RS8 per unit, RS4.73 per unit reduction of the price will continue on a permanent basis due to the implementation agreements of the agreements with six PPIs, revising the electricity purchase agreements (APP) of 16 IPP in mode of taking and remuneration, by deducting the bagasse from the paragraph and linking the electrical centers of Pak and the drop in the ROE) public power plants (GPPS) at 13%) RUPIE and fix the value of the US dollar to RS168, “said senior officials The news.
“We will include in the reduction in the power rate the impact of not reducing the prices of petroleum products that fell on the international market, which was to be due from March 16, 2025. The impact of not reducing Pol prices was estimated at RS168 billion per unit.
The IMF has given its headliners to the main government officials to provide relief after not decreasing the police prices for three months, up to the impact of 250 billion rupees in case the POL prices continue to decrease on the international market.
However, RS1.30 per unit of relief in the power rate, due to not reducing the prices of POL from March 16, 2025, would be for a month, which means that RS1.30 per relief unit would be short -lived.
Earlier this month, Prime Minister Shehbaz Sharif decided to maintain the prices of unchanged petroleum products for the next fifteen and to divert the reduction in the drop in petrol prices on the international market to a significant drop in power rate for the masses.
The federal government aims to maintain the prices of petroleum products and to transfer all of the financial advantages to the masses through Power Tariff, the PM office said in a statement on March 15.
This decision will be one of the many measures taken by the government to achieve a significant reduction in electricity rates, said the Prime Minister.
A package was being prepared in a complete and effective strategy to reduce electricity prices, said Prime Minister Shehbaz, adding that the details of the public aid measure were finalized using the financial space created due to the fluctuations in world oil prices.
The PM will address the nation to announce the main rescue measure.