NEPRA hikes electricity price by Rs1.71 per unit

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has issued a notification increasing the price of electricity by Rs1.71 per unit. The increase is effective immediately and will be reflected in the bills of consumers for the current month.

The price of electricity has been increased on account of monthly fuel charges adjustment. The increase will put an additional burden of Rs22 billion on electricity consumers.

The increase will not apply to lifeline consumers and K-electric consumers.

Read more: Significant drop expected in petrol, diesel prices

Separately, there are expectations of a substantial decrease in petroleum product prices on the global oil market, with the possibility of a $7 per barrel reduction. There is a high likelihood that this decline will be translated into a relief for the consumers in Pakistan as well.

The decline in petroleum prices is also mirrored in the Gulf market, where crude oil prices have fallen to $92 per barrel, and the global market, where they currently stand at $84 per barrel.