Rs20bn subsidy withdrawal probable to jack up power tariff.

The power consumers faced another increase in electricity tariff up to Rs0.95 per unit following the government's decision to withdraw an Rs20 billion subsidy. The federal government has filed a petition before National Electric Power Regulatory Authority (Nepra) to approve policy guidelines to withdraw Rs20 billion subsidy in the second phase of the subsidy reduction plan. In the first phase, the government had split different slabs by creating new ones to reduce subsidies for power consumers. In that phase, the...