Govt approves 1.75% hike in power tariff

Govt approves 1.75% hike in power tariff

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The government has approved an increase of 1.75% in electricity prices for the fourth time in 11 months.

The hike in tariffs was also aimed at complying with the condition of the International Monetary Fund (IMF) to limit the flow of circular debt to an agreed level.

The surge, according to the government, will take effect on December 1 and it will be effective for one year.

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