Govt likely to further jack up electricity price

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The price of electricity is expected to rise by Rs0.57 per unit after the Central Power Purchasing Agency (CPPA) has sent a request to National Electric Power Regulatory Authority, a private media outlet reported on Tuesday.

According to the request, as many as 9.71 billion units of electricity were produced in April at a cost of Rs53.63 billion.

NEPRA stated that the request to increase the price was made under April’s fuel price adjustment.

On Friday, the Oil and Gas Regulatory Authority (OGRA) recommended up to 47 per cent increase in the prices of gas for the fiscal year 2019-2020, according to a spokesman for the regulator.

The spokesman said Sui Northern Gas Pipelines Limited (SNGPL) had requested the regulator for 144pc hike in gas price, whereas Sui Southern Gas Company (SSGC) sought 30pc increase.

He said public hearings were held on requests by the gas supplying companies in Karachi, Lahore, Peshawar and Quetta.

The spokesman said OGRA has recommended an average of 47 per cent hike in SNGPL system and 28 per cent in SSGC system.

He said a final decision regarding an increase in gas prices would be made after approval from the federal government.

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