A spokesman for the National Electric Power Regulatory Authority (NEPRA) said that the approval to reduce the price of electricity has been given in the context of the quarterly adjustment from April to June 2021.
Islamabad: Good news for the people who are suffering from inflation. NEPRA approves the reduction of electricity by 99 paise per unit.
According to the details, NEPRA has approved to reduce the price of electricity by 99 paise per unit and this approval has been given in the context of the last quarter adjustment of the financial year 2021. NEPRA sent the decision to reduce the price of electricity to the federal government for notification.
According to NEPRA, this decision will provide relief of Rs 22.48 billion to consumers and the reduction in electricity prices will be effective from December 1, 2021.
The National Electric Power Regulatory Authority (NEPRA) said consumers will get reduction relief for 3 months.
The spokesman for NEPRA said that the approval for a reduction in electricity prices is for all electricity distribution companies except K-Electric.
Also Read: The price of LPG is reduced by Rs 6 per kg and domestic cylinder by Rs 70 and commercial cylinder by Rs 268.
It may be recalled that two days ago, the possibility of another increase in the price of electricity was raised and the CPPA had requested an increase in the price of electricity by Rs 4.33 per unit.
In a report, it is revealed that during the year 2021, the total price of electricity per unit was increased by more than 18 rupees.
During the last year, the unit price of electricity has been increased a total of 9 times, in the form of basic tariffs, surcharges, quarterly adjustments, as a result of which more than Rs 600 billion has been taken out of the pockets of consumers.
Yesterday, under the pressure of the IMF, a financial supplementary bill was introduced in the National Assembly for a mini-budget, which plunged the common man into a tsunami of inflation.
Due to this mini-budget, perfumes, juices, baby milk and make-up are all out of reach, the ride of the common man has also become heavy on the pocket, tax exemption on bicycles has been abolished. A seventeen per cent sales tax is proposed on imported machinery and power generation parts. In such a scenario, the recent reduction in electricity prices will prove to be a breeze for the people.