ISLAMABAD (Dunya News) – The National Electric Power Regulatory Authority is likely to reduce the power tariff by Rs1.75 per unit on account of quarterly tariff adjustment.
The Central Power Purchasing Agency (CPPA) has submitted an application for the adjustment for the fourth quarter of the fiscal year 2024-25.
If approved, consumers are expected to benefit from a relief of over Rs53.39 billion. The adjustment will be applicable to all public distribution companies (DISCOs), including K-Electric.
NEPRA will hold a hearing on CPPA’s request on August 4.
If adjustments for September, October, and November 2024 are approved, relief may increase to Rs 2.10 per unit.
A final decision will be made by NEPRA following the hearing.
Meanwhile, the finance ministry on Monday projected consumer inflation for July to remain in a range of 3.5-4.5 per cent, citing stable prices and improved supply conditions, as price pressures ease further after the previous fiscal year’s sharp decline.
Inflation stood at 3.2pc in June, the ministry said in its monthly economic report, while average inflation for the fiscal year ending June 30 dropped to 4.49pc, a nine-year low, from 23.4pc the year before. The country’s fiscal year begins on July 1.
The ministry said the economy is expected to sustain its recovery in the early months of fiscal year 2026, underpinned by an improved macroeconomic backdrop and growing investor confidence.
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