NEPRA hikes electricity tariff by Rs3.28 per unit

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Monday notified an increase in the price of electricity by Rs3.28 per unit on account of fuel charges adjustment from October 2023 to March 2024.

The increase will put an additional burden of Rs159 billion on electricity consumers. The revised rate will be applicable to all customers.

Read more: September’s inflation reaches 31.4 per cent: PBS data

Separately, Pakistan’s inflation rate rose to 31.4 per cent year-on-year in September from 27.4 per cent in August, according to data released by the Pakistan Bureau of Statistics (PBS) on Monday.

The hike on a monthly basis was recorded at 2 per cent in September, compared to 1.7 per cent increase recorded in August.

On September 20, the Asian Development Bank (ADB) released an outlook report for the month saying that inflationary pressures in the country are anticipated to persist in the short term, hovering around 29 percent. According to PBS, the recorded inflation has exceeded even ADB’s estimates.