ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Monday notified an increase in the price of electricity by 3.28 rupees per unit on account of Fuel Charges Adjustment from October 2023 to March 2024.
The rise in power tariffs is set to impact all consumer categories.
Effects of Tariff Hike on Electricity Consumers
The approved tariff increase will be shown separately on consumers’ bills and the effects of the hike will be reflected in the bills for October 2023.
Separately, Pakistan’s inflation rate rose to 31.4 percent year-on-year (YoY) in September from 27.4 percent in August, Statistics Bureau data revealed on Monday, as the country reels from high fuel and energy prices.
Pakistan is embarking on a tricky path to economic recovery under a caretaker government after a 3 billion dollars loan program approved by the International Monetary Fund (IMF) in July averted a sovereign debt default, but with conditions that complicated efforts to rein in inflation.
On a month-on-month (MoM) basis, inflation climbed 2 percent in September, compared to an increase of 1.7 percent in August.
