September 24, 2018 (MLN): A meeting of the Economic Coordination Committee (ECC) of the Cabinet is scheduled to be held on Tuesday, September 25th 2018 in Islamabad to discuss Electricity Tariffs and a report/presentation on LNG Terminals.
According to media reports, the PTI government, in order to partially finance the rising circular debt, is looking to increase electricity tariff by an average of Rs 2 per unit.
Sources reveal that the power division is seeking an approval for the implementation of the National Electric Power Regulatory Authority’s determination of an increase of Rs 3.90 per unit in consumer tariffs, which after taking into account the subsidy ensured in the budget, would result in a net increase in average consumer tariff of about Rs 2 per unit.
With respect to LNG Terminals, Petroleum Minister Ghulam Sarwar Khan while announcing the hike in gas prices last week, had informed the local media that the government was examining issues related to LNG terminals, including the faults and weaknesses of the LNG mechanism. The meeting of the ECC is expected to discuss a report that is to be submitted to the committee on the matter.
In addition, he had also stated that one of the two terminals has been running on full capacity since its inception, while the other continue to run below capacity, an issue that is currently being looked at by the petroleum ministry, as well as the National Accountability Bureau (NAB) and the Federal Investigation Agency (FIA).
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