ISLAMABAD – National Electric Power Regulatory Authority on Thursday hasapproved a massive rise of Rs7.91 per unit in the basic power tariff.
The development comes days after the newly installed government jacked upthe petroleum prices by Rs30 per litre.
With the massive increase, a single unit of electricity has soared toRs24.82 from Rs16.91. Nepra has sent the increase in power tariff to thefederal government for notification. The new tariffs will be applicableafter the final nod from the central government.
Officials cited soaring oil prices in the international market anddepreciation of the rupee as key reasons behind the increase in powertariff.
Nepra maintained that it will determine the new tariff based on thedistribution and transmission losses and in terms of revenue of differentdistribution companies.
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The development comes days after an increase in petroleum products whichwas demanded by International Monetary Fund.
Meanwhile, the inflation rose to a nearly two-and-a-half-year-high at 13.76percent.
