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NEPRA greenlights significant increase in electricity prices

Amidst escalating inflationary pressures, electricity consumers in Pakistan are bracing for further financial strain as the National Electric Power Regulatory Authority has given the green light to a substantial increase in electricity tariffs.

The approved hike, ranging from Rs1.90 to Rs3.28 per unit, promises to compound the financial woes of households and businesses alike.

NEPRA has communicated its decision to the government, attributing the need for a quarterly adjustment as the primary rationale behind the tariff revision. This adjustment, slated for implementation during June, July, and August, is poised to impact electricity bills significantly during the peak summer season, when consumption traditionally surges.

The tariff adjustment casts a wide net, affecting not only general electricity consumers but also those served by distribution companies (DISCOs) across the nation. This decision unfolds against the backdrop of already strained household budgets, with inflationary pressures exacting a heavy toll on Pakistani families, further elevating the cost of living.

Meanwhile, in a move set to offer respite to millions, the government has unveiled a substantial reduction in petroleum product prices.

In a bid to alleviate the financial burden on citizens, the government of Pakistan has issued a notification announcing an immediate and noteworthy reduction in petroleum product prices.

Per the notification, the price of petrol has been slashed by Rs 4.74 per liter, while the price of high-speed diesel has witnessed a decline of Rs 3.86 per liter.

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