*ISLAMABAD – Federal government is likely to raise electricity and Petrolprices.*
The National Electric Power Regulator Authority has proposed to raisetariffs of power distribution companies, such as K-Electric by Rs3.99 perunit. The energy ministry is expecting the ECC may approve at least Rs2 perunit increase in the prices.
The current rate for consumption of up to 300 units is around Rs12 perunit. If you use between 301 and 700 units, the rate is Rs16 per unit andif you go over 700 units you are charged Rs18 per unit.
Last week, the government raised gas prices 10% for consumption of up to 50units and 143% for over 400 units.
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The government will also approve an increase in petrol prices for Octobersince international crude oil prices have gone up.
The market is expecting the government to increase with effect from October1:Petrol prices Rs6.30 per literDiesel by Rs8.50 per literKerosene oil by Rs8.50 per liter
