In a bid to fortify and provides cushion to the agriculture energy customers, the federal government on Thursday notified that the Fuel Price Adjustment (FPA) fees for November 2019 to January 2020 can be gathered from those consumers in next six months. Instead of taking this FPA from agriculture energy shoppers in 3 months, it will be now collected in six month to reduce financial burden on them.
FPA is a gadget designed to regulate per 30 days electrical energy fees in response to fluctuations in (actual recorded) gas costs for crude oil, liquefied natural gasoline (LNG) and coal.
Interestingly, except Quetta Electric Supply Company (Qesco), this facility can be to be had to agriculture power consumers of all other state-run energy distribution corporations (Discos), an respectable notification to be had with The News stated. Qesco agriculture shoppers are already taking part in sponsored power provide.
“FPA for the billing months of November, December 2019 and January 2020 will be spread for six months starting from Jan 2020 till June 2020.” It further says that FPA for the billing month of February 2020 shall be unfold for three months ranging from February till April 2020.
This shall be along with the FPA for the specific month as determined by means of Nepra and shall be charged within the corresponding billing month. This step has been taken beneath PM’s announced Agriculture Emergency Programme to reduction to the farmers. So a long way quite a lot of steps had been taken to translate the comfort in various paperwork and means.
To that impact a meeting was organised on December 24. Adviser to Prime Minister on Finance Dr. Hafeez Sheikh chaired the meeting relating to Power Tariff in agriculture sector. Federal Minister for National Food Security & Research Makhdoom Khusro Bakhtiar, Federal Minister for Energy Omar Ayub Khan, Federal Secretaries of Ministry of Power, Finance and National Food Security attended the assembly. The meeting discussed about FPA on tube smartly tariff that are received to farmers from November to January 2020 this 12 months. In the meeting Khusro Bakhtiar prompt that to be able to provide relief to the farmers across the nation, the subject FPA will likely be paid over the period of six months from January 2020 to June 2020.
The choice was once made to supply relief to the farmers making an allowance for the prime energy tariff. It is pertinent to mention that the first meeting referring to FPA tariff used to be held final week. Khusro Bakhtiar said that it would be a perfect impetus for farmers and some of the main consider construction measures for farmers.
On Thursday a gathering was held at the Federal Ministry for Energy and the decision was finalised and communicated to the Ministry of National Food Security.
The rationalization of power tariff for agriculture tube wells has been under consideration for fairly some time. Federal Minister for NFS&R Khusro Bakhtiar said that the federal government is working hard to bring home agricultural price of manufacturing at par with neighboring countries.
Hence the main focal point is on provision of fertilizers on reasonable rates and also rationalization of power tariff for agriculture sector.