ISLAMABAD - The government would have to increase the power tariff by some 12-14 per cent during the rest of the months of the ongoing financial year otherwise it would pay additional subsidy worth of Rs 66 billion, a senior official of the Finance Ministry said on Friday. The Cabinet Committee constituted by Prime Minister Yousuf Raza Gilani under the head of Finance Minister Abdul Hafeez Shaikh had recommended the government to raise the power tariff by some 12 to 14 per cent during the ongoing financial year in order to reduce the power subsidy. The government will have to pay additional subsidy worth of Rs 66 billion if it doest not increase the power tariff during the current fiscal year, said a senior official of the Ministry wishing not to be named. He further said that it depends on the political leadership whether to increase the power tariff or not but there is a dire need to increase it. The government is not collecting a sufficient amount from Petroleum Development levy for the last few months, which is also creating some problems for the government, he added. On the other hand, other sources believed that the government might increase the power tariff by 12 to 14 per cent due to the political reasons, as people are already facing problems due to the increase in power tariff under the head of monthly fuel surcharge. Similarly, the Senate elections are around the corner so government might not take this decision for getting political mileage, sources further added. It may be mentioned here that the National Electric Power Regulatory Authority (NEPRA) on Thursday had dropped a power bomb on the consumers by jacking up power tariff leading to hike Rs 1.77 per unit electricity rates for the month of September.