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HomeBusinessEconomyElectricity bomb: Nepra approves Rs7.9 hike

Electricity bomb: Nepra approves Rs7.9 hike

The National Electric Power Regulatory Authority (NEPRA) has approved an increase in the price of power per unit of Rs7.91. As per masses, it is equivalent to electricity bomb.

According to a notification made by NEPRA, the government has increased the base tariff per unit of electricity by Rs7.91. The price per unit has been increased from Rs16.91 to Rs24.82, a 47 percent rise.

The price increase was caused by rising fuel prices and rising production expenses, according to NEPRA. According to the announcement, the new tariffs will take effect in July 2022.

On May 26, 2022, the government hiked petroleum prices by Rs30. Petrol prices have been raised from Rs150 to Rs179.86 per litre. The price of a litre of diesel has been raised to Rs174.15, while the price of a litre of lite diesel has been raised to Rs148.31.

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