CPPA seeks Rs5.32/unit power tariff hike

ISLAMABAD: Another major pwoer hike is on the cards as the caretaker government of Pakistan vows to remove subsidies.

As people in crisis-hit country are bearing the brunt of record prices, the Central Power Purchasing Agency (CPPA) approached the national power regulator to jack up the power tariff by Rs5.32 per unit.

CCPA approached NEPRA and cited fuel adjustments for December 2023. If approved, the financial burden on consumers grappled with elevated utility costs.

NEPRA will conduct a hearing on this matter on January 31.

In its plea to NEPRA, CPPA said 12.92 billion electric units were produced at the cost of Rs7.61/ unit, while the reference cost for September was fixed at Rs7.7 per unit.

Earlier this month, the power regulator raised the electricity tariff by Rs 4.12 per unit for its consumers under account of fuel adjustment charges for November last year.

On the other hand, the caretaker government has slashed the price of petrol by Rs8 per litre for the next 15 days.

According to the notification issued by the Finance Ministry, the new price of petrol has been fixed at Rs259.34 per litre.