ISLAMABAD: The Central Power Purchasing Agency (CPPA) has requested the National Electric Power Regulatory Authority (NEPRA) to increase the electricity price. The electricity price is expected to increase by Rs2.7 per unit for a month.
The NEPRA said the request was made in context of the August fuel price adjustment. The expensive production from diesel and furnace oil was the reason why electricity was expensive, said the regulatory authority.
The CPPA said in the application that last month electricity was generated from diesel at Rs22.62 per unit. While, electricity was generated from furnace oil at Rs18-24 per unit.
The petition will be heard on September 30. In case of approval, consumers will be burdened with Rs 5 billion.
It may be recalled that the National Electric Power Regulatory Authority (NEPRA) had reduced the price of electricity by 26 paisa per unit recently.
On September 15, the federal government had decided to increase the existing prices of petroleum products with the increase in the world market.
According to a notification issued by the Finance Division, the price of petrol had been increased by rupees five per.
Meanwhile, Minister for Information and Broadcasting Chaudhary Fawad Hussain had said oil prices in Pakistan were still the lowest in the region.
“The country imports oil, hence, its prices will go up when these increase in the world market,” he had said in his tweets. “This is the principle for the rest of imports,” he had maintained.
He had said the real achievement was that the income of 75 percent of our population had also increased significantly.
Chaudhary Fawad Hussain had said our purchasing power was better than that of India.
Acknowledging the difficulties of salaried class, he had said our sixty percent of population was engaged with agriculture sector which had received an additional income of eleven hundred billion rupees.