NEPRA hikes power tariff by 10 paisa per unit

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Wednesday allowed an increase of 10 paise per unit in the power tariff for consumers under the fuel adjustment mechanism for the month of May.

The hike in power tariff will put an additional burden of Rs1.2 billion on consumers; however, lifeline, K-electric and agricultural consumers have been excluded from being charged.

The power tariff hike comes as the Pakistan Tehreek-e-Insaf (PTI) government has proposed its first budget for the fiscal year 2019-20 with an outlay of Rs7.02 trillion.

On protection of vulnerable segments of society, the government had announced that a subsidy of Rs216 billion will be earmarked for 75pc consumers using less than 300 units of electricity.

Article continues after this advertisement

The annual development plan also envisages upgradation of power transmission and distribution system in order to reduce line losses and check power theft.

- Advertisement -
- Advertisement -

Must Read

Amazon eyes cryptocurrency but not poised for Bitcoin

NEW YORK: Amazon on Monday denied a report that the e-commerce giant planned to begin accepting Bitcoin payments by the end of this year,...