Once again NEPRA hikes electricity price by Rs. 1.72

The National Electric Power Regulatory Authority (NEPRA) has once again increased the electricity price by Rs. 1.72 per unit after which the average price of electricity per unit has increased from Rs. 16.44 to Rs. 18.16 per unit.

The additional burden of the increase electricity price on consumer comes in the name of fuel price adjustment for the first, second, and third quarters of the current and last fiscal year.

Read more: Dollar Price in Pakistan (Daily Updates).

The hike in electricity prices will put additional burden of Rs. 90 billion on consumers. However, the increase in prices does not apply lifeline power consumers using more than 300 units a month and K-Electric customers.

The new electricity tariff has come into effect from 1 October 2021.

NEPRA documents have revealed that an additional Rs. 193.49 billion was collected from consumers as fuel adjustment charges due to higher costs of generating power from January to July 2021.

It is pertinent to mention that electricity became cheaper in May and June by only Rs. 0.26 and 0.19 per unit respectively and it was then increased by Rs. 1.38 per unit for July.

Electricity tariff in Pakistan is constantly rising ever since the incumbent Pakistan Tehreek-e-Insaf (PTI) took office.

Read more: Petrol Prices in Pakistan Increased From 1 October 2021.

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