ISLAMABAD – Electricity prices have been reduced in Pakistan by Rs 31 paisaper unit on account of fuel cost adjustment.
The National Electric Power Regulatory Authority (NEPRA) on Thursdayapproved 31 paisa per unit cut in the power tariff on account of fuel costadjustment for November 2018.
The downward adjustment by the regulator in power costs will extend anoverall relief of two billion rupees to the consumers.
The Central Power Purchasing Agency (CPPA) had filed a petition for 33paisa per unit cut in the tariff with the NEPRA for monthly fuel priceadjustment.
It was first time in six months that the power tariff cut was requested tothe power regulator.
The CPPA had also demanded earlier arrears to the tune of five billionrupees.
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The hike in crude oil price remains the major cause of increase in thepower tariff in last six times.
The power companies had received Rs. 5.00 per unit from the consumers inNovember bills, while the generation cost remained Rs. 4.71 per unit.
Around 33.98 percent electricity in November was generated from the hydropower sources, the CPPA said.
