Connect with us

Hi, what are you looking for?

Economy

NEPRA raises power tariff ahead of Eidul-Fitr holidays to extort over Rs28 billion from consumers next month

A few days ago, Finance Minister Miftah Ismail had already stated that the government would have to discard subsidies programme announced by ex-PM Imran Khan in March

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) today announced another Rs 2.86 per unit hike in power tariff for the month of March 2022 which will be collected from consumers May-2022 bills.

This fresh hike in power tariff in the name of fuel cost adjustment would cause more than 28 billion rupees extra financial burden on the consumers early next month. This tariff hike coincides with the Eidul-Fitr holidays as the government and NEPRA are endorsing the IMF-dictated programme.

Electrical substation

Already overburdened by inflation, increased oil prices, food items, the power consumers are in a shock after hearing the decision of the National Electric Power Regulatory Authority (NEPRA) pertaining to increase in the power tariff by Rs2.86 under monthly fuel adjustment. Interestingly, the policy-makers, who decide increase in power, gas, and petroleum prices again and again, they all are getting these facilities free of cost from the government along with many other benefits.

A few days ago, Finance Minister Miftah Ismail had already stated that the government would have to discard subsidies programme announced by ex-PM Imran Khan in March.

To fulfill a formality, NEPRA took the decision after conducting hearing on a plea of Central Power Purchasing Agency (CCPA).

The hike will burden the power consumers with additional billions of rupees. Earlier, CPPA had sought increase in power tariff under fuel adjustment for the month of March.

In the month of March 2022, then Prime Minister Imran Khan capped the power tariff and domestic petroleum prices to give relief to the price-hike hit consumers in the country, but change in the government has reversed the relief programme to get IMF loan.

Javed Mahmood
Written By

I am an experienced writer, analyst, and author. My exposure in English journalism spans more than 28 years. In the past, I have been working with daily The Muslim (Lahore Bureau), daily Business Recorder (Lahore/Islamabad Bureaus), Daily Times, Islamabad, daily The Nation (Lahore and Karachi). With daily The Nation, I have served as Resident Editor, Karachi. Since 2009, I have been working as a Freelance Writer/Editor for American organizations.

Latest Updates

ISLAMABAD: Prime Minister Shehbaz Sharif today approved the name of Syed Asim Munir as the next army chief of Pakistan. At present, Lt-General Syed...

Latest Updates

ISLAMABAD: Family members of army chief General Qamar Javed Bajwa have become billionaires in the past six years _ during the six-year extended tenure...

Articles

The Foreign Minister also welcomed the launch of joint direct flights by Pakistan Airlines and Ethiopian Airlines between the two countries.

National

ISLAMABAD: Federal Information Minister said the Prime Minister has appointed Syed Asim Munir as the next army chief of Pakistan. Asim Munir is the...