Petrol, Electricity Prices to be raised in Pakistan
*ISLAMABAD - Federal government is likely to raise electricity and Petrol prices.*
The National Electric Power Regulator Authority has proposed to raise tariffs of power distribution companies, such as K-Electric by Rs3.99 per unit. The energy ministry is expecting the ECC may approve at least Rs2 per unit increase in the prices.
The current rate for consumption of up to 300 units is around Rs12 per unit. If you use between 301 and 700 units, the rate is Rs16 per unit and if you go over 700 units you are charged Rs18 per unit.
Last week, the government raised gas prices 10% for consumption of up to 50 units and 143% for over 400 units.
The government will also approve an increase in petrol prices for October since international crude oil prices have gone up.
The market is expecting the government to increase with effect from October 1: Petrol prices Rs6.30 per liter Diesel by Rs8.50 per liter Kerosene oil by Rs8.50 per liter