Latest news with #Rs1.90
Express Tribune
11-04-2025
- Business
- Express Tribune
Power division issues notification, reduces electricity prices by Rs1.71 per unit
Listen to article The Power Division has issued a notification announcing a reduction of Rs1.71 per unit in electricity prices for consumers across the country, including K-Electric. This price cut will be applicable from April to June 2025. According to the notification issued by the Power Division, the price reduction will benefit consumers nationwide, including those under K-Electric. However, the reduction will not apply to lifeline consumers. The price cut has been made possible through additional subsidies from the federal government. It is worth noting that, just a day prior, the National Electric Power Regulatory Authority (NEPRA) had approved the government's request to reduce electricity prices, including in Karachi, under the Petroleum Levy. NEPRA has sanctioned a price reduction of Rs1.71 per unit, and the decision has been forwarded to the federal government for implementation. This price reduction comes after a previous adjustment in electricity tariffs, where a Rs1.90 per unit reduction was applied to the quarterly adjustments for consumers across the country, including in Karachi. Earlier, Prime Minister Shehbaz Sharif had announced a reduction of Rs7.41 per unit for residential consumers on April 3, bringing the price of electricity for domestic users down to Rs 38.37 per unit. Additionally, a reduction of Rs7.59 per unit was announced for industrial consumers, lowering their electricity price to Rs40.60 per unit.
Express Tribune
10-04-2025
- Business
- Express Tribune
Government announces reduction in electricity tariffs across country
Listen to article Pakistan's power regulator has approved a Rs1.71 per unit reduction in electricity prices across the country, including Karachi, under the head of petroleum levy relief, officials said on Thursday. The National Electric Power Regulatory Authority (NEPRA) approved a federal government proposal to lower electricity tariffs and has forwarded its decision to the federal authorities for implementation. The price cut will apply for the April to June 2025 quarter and will benefit consumers nationwide, including those served by K-Electric. However, the relief will not be extended to lifeline consumers, NEPRA said in a statement. The federal government had submitted a request for the tariff reduction last month, following its move to increase petroleum levy on petrol and high-speed diesel by Rs10 per litre. The government said the power tariff cut was aimed at passing on relief to consumers from the additional revenue generated through fuel levies. NEPRA held a hearing on the proposal on April 4 and subsequently approved the price reduction. Previously, electricity tariffs were reduced by Rs1.90 per unit under quarterly adjustments for consumers across Pakistan, including Karachi. Earlier this month, Prime Minister Shehbaz Sharif also announced a significant electricity tariff reduction for domestic users, up to Rs7.41 per unit, bringing the average rate down to Rs38.37 per unit. For industrial users, a Rs7.59 per unit cut was announced, reducing the average tariff to Rs40.60 per unit.
Express Tribune
03-04-2025
- Business
- Express Tribune
NEPRA reduces electricity tariffs by Rs3.02 per unit
Listen to article Following Prime Minister Shehbaz Sharif's announcement of a reduction in electricity tariffs, the National Electric Power Regulatory Authority (NEPRA) issued a notification confirming the price cut as part of the quarterly adjustment,as consumers set to receive a relief of up to Rs3.02 per unit. The notification issued by NEPRA for the quarterly adjustment specifies that the price reduction will apply for the period from October to December 2024, Express News reported. The price reduction will take effect for all electricity distribution companies, including K-Electric, for three months, from April to June 2025, providing relief amounting to approximately Rs56.38 billion to consumers. However, the price reduction will not apply to lifeline and prepaid customers. NEPRA clarified that distribution companies had requested the quarterly adjustment to lower electricity prices, leading to a hearing and the subsequent reduction in monthly fuel price adjustments across the country. For Karachi consumers, electricity will be Rs3.02 per unit cheaper, while the rest of the country will see a reduction of Rs1.90 per unit. In separate notifications for monthly adjustments, NEPRA stated that the price relief would begin to reflect on consumers' April bills. For K-Electric customers, the price cut is based on January 2025's monthly adjustment, while for other parts of the country, the price reduction is tied to February 2025's adjustment.
