Diwali bonanza: Punjab cuts power tariff by ₹3 per unit for domestic consumers
The Punjab cabinet on Monday decided to cut power tariff by ₹3 per unit for domestic consumers with immediate effect.
The populist decision, which comes just months ahead of the assembly elections, will put a burden of ₹3,316 crore per year on the exchequer.
The announcement was made by Punjab chief minister Charanjit Singh Channi after the cabinet meeting. “We are reducing power tariff by ₹3 per unit for domestic consumers,” Channi told a press conference in Chandigarh.
It is a “big Diwali gift” for people, he said, adding that the decision will come into effect immediately. He said according to a survey conducted by his government, people wanted quality and cheap power.
