The National Electric Power Regulatory Authority (NEPRA) approved a hike in power tariffs for consumers of Rs 0.46 per unit on Friday.
According to the notification, the power regulatory authority has approved a power price increase under fuel adjustment charges (FAC) for the month of July.
The statement indicated that the increase in power cost would be applied to September bills; however, the hike will not apply to Lifeline or K Electric customers.
Previously, the International Monetary Fund (IMF) approved a Rs 15 billion relief plan aimed at providing financial relief to Pakistan’s energy consumers.
According to sources associated with the case, the Federal Board of Revenue (FBR) played a critical role in achieving this IMF relief, and the FBR has exceeded expectations by collecting an astonishing Rs 20 billion in excess taxes.
The IMF’s decision to grant Rs15 billion in relief, aimed at easing the financial burden on energy consumers, shows the FBR’s remarkable performance.
It highlights the unwavering efforts of important players in the caretaker government, such as Caretaker Prime Minister Anwarul Haq Kakar, Caretaker Finance Minister Dr. Shamshad Akhtar, and Caretaker Energy Minister Muhammad Ali.
The relief plan is projected to bring significant benefits to consumers who consume up to 200 units of power.
According to sources, consumers in this group should expect to save between Rs 3 and Rs 4 per unit on their electricity costs.
Furthermore, provisions for late payments will be included, guaranteeing that these customers do not face penalties for late payments.
However, the IMF specified that consumers who spend more than 400 units of energy will not be eligible for this relief.
According to sources, the Federal Cabinet will approve final approval for deferred payments and the rescue package.