AGL 8.30 Decreased By ▼ -0.03 (-0.36%)
ANL 10.95 Increased By ▲ 0.25 (2.34%)
AVN 79.70 Increased By ▲ 1.51 (1.93%)
BOP 5.75 Increased By ▲ 0.18 (3.23%)
CNERGY 5.64 Increased By ▲ 0.26 (4.83%)
EFERT 79.36 Increased By ▲ 0.71 (0.9%)
EPCL 67.48 Decreased By ▼ -0.31 (-0.46%)
FCCL 14.89 Increased By ▲ 0.39 (2.69%)
FFL 6.70 Increased By ▲ 0.10 (1.52%)
FLYNG 7.16 Increased By ▲ 0.13 (1.85%)
GGGL 11.60 Increased By ▲ 0.26 (2.29%)
GGL 17.51 Increased By ▲ 0.27 (1.57%)
GTECH 8.35 Increased By ▲ 0.05 (0.6%)
HUMNL 7.17 Increased By ▲ 0.11 (1.56%)
KEL 3.14 Increased By ▲ 0.06 (1.95%)
LOTCHEM 35.20 Increased By ▲ 2.33 (7.09%)
MLCF 28.35 Increased By ▲ 0.05 (0.18%)
OGDC 87.70 Increased By ▲ 3.15 (3.73%)
PAEL 16.63 Increased By ▲ 0.18 (1.09%)
PIBTL 6.05 Increased By ▲ 0.20 (3.42%)
PRL 19.46 Increased By ▲ 1.34 (7.4%)
SILK 1.14 No Change ▼ 0.00 (0%)
TELE 11.41 Increased By ▲ 0.31 (2.79%)
TPL 9.20 Increased By ▲ 0.20 (2.22%)
TPLP 20.25 Increased By ▲ 0.37 (1.86%)
TREET 27.10 Increased By ▲ 0.48 (1.8%)
TRG 96.20 Increased By ▲ 1.70 (1.8%)
UNITY 20.85 Increased By ▲ 0.48 (2.36%)
WAVES 13.90 Increased By ▲ 0.27 (1.98%)
WTL 1.34 Increased By ▲ 0.03 (2.29%)
BR100 4,275 Increased By 67 (1.59%)
BR30 15,794 Increased By 348.3 (2.26%)
KSE100 42,872 Increased By 628.4 (1.49%)
KSE30 16,219 Increased By 247.6 (1.55%)

The government of Pakistan, which is gearing up to increase the base tariff of electricity by nearly Rs8 per unit, has decided that it will implement the hike in phases between July and September, reported Aaj News on Thursday.

National Electric Power Regulatory Authority (NEPRA) had approved an average increase of Rs 7.91 per unit in base tariffs of power Distribution Companies (Discos) for FY 2022-23, taking it to Rs24.82 per unit (47% higher) from the existing rate of Rs16.91 per unit, which was a prior action agreed with the International Monetary Fund (IMF) and World Bank.

The government was considering making the increase through a one-time hike. However, the leadership has decided this will be done in phases over the next three months.

Electricity prices have been rising for the past few months and the government decided to increase the base tariff from Rs16.91 per unit to Rs24.82 per unit for consumers of power distribution companies.

The increase, which is a part of conditions laid down by the IMF for the revival of its $6 billion bailout programme, will be implemented in phases.

Rs7.91 hike in base tariffs of Discos approved

Fuel adjustment charges and other costs would be in addition to the base tariff.

On June 3, NEPRA approved an average increase of Rs7.91 per unit in base tariffs of power distribution companies (Discos) for fiscal year 2022-23, taking it to Rs24.82 per unit from existing rate of Rs16.91 per unit, a move that had been agreed with the IMF and World Bank.

The regulator recommended the massive increase in tariffs at a time when citizens are facing load-shedding of 10 to 16 hours daily as the government has been unable to purchase expensive imported fuels like furnace oil, LNG and coal.

On Monday, NEPRA approved an increase of Rs7.9 per unit in the tariff of ex-Wapda distribution companies for the month of May under the monthly Fuel Charges Adjustment (FCA) mechanism.

May FCA: NEPRA approves hike of Rs7.9/unit

Comments

Comments are closed.