NEPRA approves Rs4.85 per unit hike in April bills

The National Electric Power Regulatory Authority (NEPRA) on Thursday approved an increase of Rs4.85 per unit in power tariff on the account of fuel charges adjustment (FCA) for February 2022.

According to the notification, the power regulatory authority took the decision after conducting a hearing on the plea of the Central Power Purchasing Agency seeking a hike of Rs4.94 per unit.

The approved tariff will be received in April bills and fuel adjustment shall be shown separately in the electricity bills on the basis of units billed to the consumers in the month of April 2022, it stated.

All consumer categories of distribution companies, except Karachi Electric (KE) consumers and lifeline customers of all ex-WAPDA distribution companies (XWDISCOs), will pay the fuel adjustment charges.

The Oil and Gas Regulatory Authority, on the other hand, has recommended an unprecedented hike in the prices of petroleum products of up to Rs129.

This will take the price of High Speed Diesel to Rs195.67 and Petrol to Rs171.16.

Earlier this year in February, the former Prime Minister Imran Khan had announced Rs10 per litre reduction in the price of petrol and diesel each and Rs5 per unit reduction in the price of electricity.

“The prices would not be increased until the next federal budget (June 2022),” the then PM said in his address to the nation but a month later Khan was ousted through a no-confidence motion.

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