NEPRA Approves Increase of 10 Paisa in Power Tariff

The National Electric Power Regulatory Authority (NEPRA) has approved a price hike of 10 paisas per unit in power tariff for domestic consumers.

The increase is part of the fuel cost adjustment for May 2019.

The increased tariff will reportedly have an impact of around Rs. 1.2 billion on consumers. However, it will not be applicable to K-Electric consumers and agricultural consumers.

Earlier on May 29, NEPRA had approved another hike of 53 paise per unit in the fuel adjustment for April.


ECC Approves Increase in Gas Prices for Domestic Consumers

The hike in power tariff has come at a time when the Economic Coordination Committee (ECC) has also approved an increment of Rs. 1.5 per unit for domestic consumers.

The committee also okayed a surge in the gas prices for the consumers.

Experts believe that the hike in gas and electricity prices is part of the preconditions from the IMF for a $6 billion bailout. Pakistan signed a staff-level agreement with the global lending agency last month which is expected to be finalized in July.

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