Electricity prices will be hiked by 34-70 paisa per unit with effect from the first week of March, State Minister for Power, Energy, and Mineral Resources Nasrul Hamid said on Tuesday.
A gazette regarding the adjustment of power prices is likely to be issued today, he told reporters at the secretariat in Dhaka.
Alongside the electricity, the price of gas in power generation will also go up, he said.
Mentioning that power prices will be adjusted only to phase out subsidies, Nasrul said the government has to provide around Tk43,000 crore in subsidies for electricity this year.
