Nepra hikes power tariff by Rs3.28 per unit

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) has notified an increase in the price of electricity by Rs 3.28 per unit on account of Fuel Charges Adjustment (FCA) from Oct 2023 to March 2024.

This surge in power tariff is set to impact all consumer categories. The approved tariff hike will be shown separately on consumers’ bills and the effects of this increase will be reflected in the bills for Oct 2023.

Separately, Pakistan’s inflation rate rose to 31.4% year-on-year in September from 27.4% in August, statistics bureau data showed on Monday, as the nation reels from high fuel and energy prices.

The country is embarking on a tricky path to economic recovery under a caretaker government after a $3 billion loan programme approved by the International Monetary Fund in July averted a sovereign debt default, but with conditions that complicated efforts to rein in inflation.

On a month-on-month basis, inflation climbed 2% in September, compared to an increase of 1.7% in August.