National Electric Power Regulatory Authority (NEPRA) has approved a massive hike in the electricity price in the country. The development comes not long after Pakistan Muslim League – Nawaz (PML-N) leader Shehbaz Sharif became the Prime Minister of Pakistan after a no-confidence motion ousted PTI Chairman Imran Khan as the Premier.
According to the details, NEPRA has approved an electricity price increase of Rs. 4.85 per unit, which has been done on account of the Fuel Charges Adjustment (FCA) for the month of February 2022. The increased power tariff will be implemented in the bills for April 2022.
This hike in the electricity price will put a burden of Rs. 38 billion on the consumers, including General Sales Tax (GST). However, the Fuel Charges Adjustment (FCA) will be shown separately in the electricity bills based on units consumed during the month of February 2022 by XWDISCOs.
It is pertinent to mention the Former Prime Minister Imran Khan had lowered the power tariff from March 2022 and promised that it will not be increased until the next fiscal budget. Furthermore, the petrol prices in Pakistan are expected to increase by a massive Rs. 119 per litre based on recommendations the Oil and Gas Regulatory Authority (OGRA).