According to reports, Pakistan’s departing administration delivered another “electric shock” to the country’s populace when it announced a sharp rise in the basic tariff for power.
In a late-night decision, the National Electric Power Regulatory Authority raised the price of power by Rs7.05 in lieu of fuel adjustment costs for the month of January, when the people of crisis-hit Pakistan are already suffering from record prices.
The increased sum, which would further tax the populace, will take effect during Ramadan in March 2024. Customers that use lifelines or K-electric will not be affected by the price increase.
Customers of electricity would bear an extra Rs66 billion in costs as a result of the most recent NEPRA action.
Fuel costs and other variables have an impact on electricity pricing in Pakistan. Due to the fact that these prices increase industry production costs, they also significantly contribute to inflation.
