KARACHI: President Lasbela Chamber of Commerce and industry (LCCI), Yakoob A Karim on Wednesday demanded of the government to reduce power tariff significantly in order to provide relief to the industrial as well domestic consumers.
“The present government has almost broken the backbone of the industry by frequently increasing utility tariffs,
particularly electricity and gas prices. It is avoiding to reduce electricity tariff despite the frequent falling prices of furnace oil,” he said in a statement.
Karim said: “The international oil prices have crashed already and are still falling frequently and a record level of price has been reduced so far but the government is stubborn to not only continuing with the existing power tariff but is even considering a little more increase in electricity prices.”
He said that it would be s sheer injustice with the consumers that the government always jacked up electricity prices whenever global oil prices increased even with a fraction of dollar but it refrained from reducing the tariff when the POL price fell.
He said: “Due to frequent tariff increases in electricity and gas has resulted in unprecedented increase in cost of production while the industry is already facing the consequences of government’s economic policies sans wisdom.”