Prepare for an upcoming shift in electricity prices, as State Minister for Power, Energy, and Mineral Resources, Nasrul Hamid, discloses that prices are slated to rise from the first week of March. The minister revealed that electricity rates would see an increase ranging from 34 paisa to 70 paisa per unit during an announcement at his Secretariat office on Tuesday.
This anticipated adjustment in electricity pricing is part of the government’s strategy to align with market dynamics and ensure sustainability in the energy sector. Minister Nasrul Hamid emphasized the need for this adjustment to meet evolving energy demands and maintain the reliability of power supply across the country.
In addition to the electricity price update, the state minister addressed potential changes in gas prices, linking them to international market trends. He stated that if gas prices experience an uptick globally, a corresponding adjustment in domestic gas prices will be implemented. This gas price adjustment is also scheduled to take effect from the first week of March.
Stay informed as the energy landscape undergoes these shifts, impacting both electricity and gas prices in the coming month. Keep an eye out for official notifications detailing the specifics of these adjustments as the energy sector adapts to current market conditions.
