ISLAMABAD: The federal cabinet has endorsed increase in power tariffs in a meeting on Thursday (today), setting the hike in cost of electricity at Rs1.27/unit.

After the federal cabinet session, Finance Minister Asad Umar told in a press briefing that electricity prices would not be raised for domestic consumers using 300 units or less every month.

However, households that consume between 300 and 700 units per month will witness a rise in electricity prices of roughly ten percent and a fifteen percent increase will be made for those consuming above 700 units per month, the minister notified, adding that 95 percent of the consumers will not be affected by this surge.