Electricity price to touch Rs 18.96 per unit

Electricity price would be Rs 18.96 per unit till the next budget. The government has increased electricity price by 29 percent during last year while it will further be increased by 17 percent till next budget. And the overall increase from October 1, 2009 to next budget would be 46.6 percent. It was included in the terms set by IMF and World Bank that the government will end subsidies on electricity. It was also asked to introduce reforms in water and power ministry.