Govt to adjust power tariff from March 1

Govt to adjust power tariff from March 1

State Minister for power Nasrul Hamid on Tuesday said the government has decided to increase power tariff from March 01 to minimize government subsidy to the sector.
"Those who consume up to 50 units will see a price hike of 34 paisa per unit. For those consuming above 50 units, the increase will range from 34 to 70 paisa (per unit). The new power tariff will come into effect from next month (March)," he told journalists at his ministry conference room.
Nasrul Hamid said that price of electricity usually fluctuates depending on the fuel price globally, adding, "So we have to synchronize with that, there is no other way. We are going to adjust a very small amount of power tariff that is 34 paisa.... There are 1.40 crore life line customers. They pay bill at Tk. 4 (per unit), those who are above, are charged Tk. 7. But on average our production cost is Tk. 12 per unit."