State Minister for Power, Energy and Mineral Resources Nasrul Hamid said that the price of electricity will increase by an average of 7 percent from March 1.
He said this in an interview on Sunday (February 25). The power division will issue a notification in this regard soon, he said.
Nasrul Hamid has termed this year's power price hike as an adjustment with the value of the dollar, not a price hike. "Electricity prices are not being increased, they are being adjusted," he said.
Nasrul Hamid said the price of electricity will also be adjusted at the wholesale level. However, the price will not impact too much on consumers.