The National Electric Power Regulatory Authority (NEPRA) has approved another hike of Rs. 5.40 per unit in the power tariff on account of quarterly fuel adjustment.
According to the details, NEPRA announced the decisions after hearing a plea seeking to increase the price of electricity on account of fourth quarter of fiscal year 2022-23.
While the regulatory body has given its approval to hike the power tariff, the final decision will be taken by the caretaker Federal Government.
It is pertinent to mention that increase in the electricity tariff will not be applicable for K-Electric or Lifeline Consumers.
NEPRA has linked the hike in power tariff to the depreciation of the Pakistani Rupee against the US Dollar, which has reached an all time low of 299.64 on Wednesday.
Earlier this month, the caretaker Federal Government also hiked petroleum prices for the second half of August 2023, putting massive burden on the masses amid already high inflation.