Pakistan Rupee Exchange Rate
On Tuesday, the National Electric Power Regulatory Authority (NEPRA) granted approval for a power tariff increase of Rs1.61 per unit, citing the monthly fuel adjustment.
The regulatory authority’s decision was based on the Central Power Purchasing Agency (CPPA) proposing a tariff hike of Rs2.1 per unit. After considering the arguments presented, NEPRA decided to allow an increase of Rs1.61.
As a result, electricity consumers will bear the additional cost in their bills for the month of June.
This development adds to the financial burden faced by individuals already struggling with the challenging economic situation caused by escalating inflation.
Meanwhile, the federal government has raised the subsidy for K-Electric from Rs193 billion to Rs315 billion. This increase in subsidy was granted in response to a request made by the power supply company.
