Government Denies Plans to Increase Electricity Prices

There has been a buzz on social media regarding the possibility of the government increasing electricity prices to fulfill the demands of the International Monetary Fund (IMF). Rumors suggest that the government is contemplating a hike in power tariffs to secure an additional long-term loan. This proposed increase could potentially raise electricity rates by up to Rs7 per unit due to the annual base tariff adjustment.

Contrary to these reports, the power division has refuted the claims, asserting that there are no immediate intentions to raise prices. Authorities have made it clear that there have been no commitments made to the IMF on this matter. The IMF has raised concerns about the escalating circular debt, which soared to Rs150 billion in the final quarter of the fiscal year.

While speculations about a potential increase in electricity prices have been circulating, the government has denied any plans for such a move at present. The issue of circular debt remains a pressing concern, and it is crucial for the government to address this challenge effectively to ensure a stable energy sector in the country.