ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Friday increased electricity price by Rs4.85 per unit under monthly fuel adjustment.
The hike in the power tariff has been notified on account of the monthly Fuel Charges Adjustment (FCA) for the month of February, said NEPRA notification.
Life consumers and K-Electric are exempted from the tariff hike, the notification stated.
The power regulatory authority took the decision after conducting a hearing on the plea of the Central Power Purchasing Agency (CCPA).
The amount will be received in the bills of April, it said adding that the increase in power tariff will put an additional burden on consumers.
It is worth mentioning that the newly formed government will announce the price of petroleum products today for the second fortnight of the current month starting April 16.
The government would be required to either jack up the price of petroleum products or enhance subsidies to maintain the existing price.
The Oil and Gas Regulatory Authority (OGRA) has sent a proposal to the Finance Division to increase the price of petrol by Rs21.50 and diesel by Rs51.30 (based on existing/current petroleum levy and GST).
A final decision in this regard will be taken by the Finance Division today after consultation with Prime Minister Shehbaz Sharif.
