ISLAMABAD: Amid rising inflation, electricity consumers in Pakistan are facing another financial setback as the National Electric Power Regulatory Authority (NEPRA) has approved a significant increase in electricity prices. The hike, ranging from Rs1.90 to Rs3.28 per unit, will add to the financial burden of both households and businesses.
NEPRA has forwarded its decision to the government, citing the need for a quarterly adjustment as the primary reason for the price increase. This adjustment will be effective for the months of June, July, and August, impacting electricity bills during the peak summer season when consumption is typically high.
The price hike will affect not only general electricity consumers but also those served by distribution companies (DISCOs) across the country. This decision comes at a time when inflation is already straining the budgets of many Pakistani families, further exacerbating the cost of living.
In a contrasting move, the government has announced a significant reduction in the prices of petroleum products, bringing some relief to millions of Pakistanis. According to a government notification, the price of petrol has been reduced by Rs4.74 per liter, and the price of high-speed diesel has been decreased by Rs3.86 per liter, effective immediately.
