ISLAMABAD: It may be possible to reduce the power tariff on May 1 by at least 65 paisa per unit on account of declining fuel costs, but the government is not likely to pass on this benefit to consumers because of a commitment made to the International Monetary Fund.
The government amended the Nepra Act of 1997 through finance bill 2009-10 under International Monetary Fund directives to pass on the impact of variation in fuel cost to consumers every month through a fuel adjustment formula. Over the past many months, the tariff has been continuously rising because of increase in oil prices in international markets.
