Hike in Water, Electricity Tariffs Ratified
Hike in Water, Electricity Tariffs Ratified
Thursday, May 03, 2018

Hike in Water, Electricity Tariffs Ratified

Thursday, May 03, 2018

Hike in Water, Electricity Tariffs Ratified

The Energy Ministry’s proposal to hike water and electricity tariffs has been ratified by the Cabinet, based on which the two vital commodities’ prices will rise by 7%. As per the new rule, which went into effect on April 21, charges for electricity subscribers with a capacity of 30 kilowatts and more will stand at 99,000 rials ($2.36). Users will have to pay 11,000 rials (26 cents) for those using less than 30 KW, IRNA reported. The new mandate also puts the water charges for all users at 10,000 rials (24 cents). The Energy Ministry has clarified that the plan is aimed at compensating a part of distributors’ expenses. Data released by Energy Ministry show that among more than 200 countries, Iran sells the cheapest power on average at 700 rials (about 2 cents) per kilowatt-hour after India, Kuwait and China.


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/nCFzdt
  1. https://goo.gl/JexvJN
  • https://goo.gl/umdA1s
  • https://goo.gl/HFD59N
  • https://goo.gl/N5nRMb
  • https://goo.gl/pii3Lk

You can also read ...

Total to Boost Its Nigeria Output
French supermajor Total will increase Nigeria’s oil production...
US May Impose Sanctions on China for Buying Iranian Oil
The United States is prepared to impose sanctions on all...
Libya’s Oil Security Concerns Increase Freight Premiums
Persistent security concerns over Libya’s oil export capacity...
Aramco Investments Aimed at Future Oil Demand
Saudi state oil giant Saudi Aramco remains committed to...
Seoul Worries Over Condensate Supplies
South Korea is seeking a sanctions waiver from the US to...
Call for Expediting Electricity Joint Ventures With Armenia
Measures should be taken to expedite joint projects between...
Iran uses a pricing formula whereby gas feedstock is offered to petrochemical plants at 9 cents per cubic meter.
Although Indian investors have signaled their interest in...
50 NIDC Contracts for  Local Manufacturers
The National Iranian Drilling Company has commissioned...

Add new comment