Pakistan Govt Hints at New Power Tariff Amid Rising Fuel Costs, Demand Decline

The government seeks Rs1.20 per unit additional fuel cost from consumers in August bills, totaling Rs15.7 billion, largely due to expensive LNG spot purchases despite a 3.3% year-on-year decline in electricity consumption. Nepra questioned the power sector's performance and excessive loadshedding, while the government indicated it is working on a new tariff package addressing time-of-use rates and energy storage systems. This increase in energy costs is likely to fuel inflation, potentially weakening the PKR and making gold a more attractive hedge for investors in Pakistan.

بحوالہ / Source: www.dawn.com