Rs.70 power price hike proposed by power companies

ISLAMABAD: Power companies all across the country have proposed a hike of Rs.70 per unit in electricity prices, under fuel adjustment charges in June.

The request states that the electricity used in the month of July was produced 70 paisas in excess of the cost per unit as compared to the provided tariff and has been submitted by the companies in the National Electric Power Regulatory Authority (NEPRA).

The hearing of this request is scheduled to be held on July 24 and in case of NEPRA’s approval, the decision will not be applicable on K-Electric’s consumers and those utilising monthly 300 units.

Experts say that the electricity prices will possibly go up further due to the increase in crude oil prices in international market and hike in dollar price.

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