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Another blow! After petrol, electricity is costlier by Rs 4 in Pakistan, the price of ghee and oil also reached the sky.

The hike in electricity rates will be charged with the June 2022 bill due to Fuel Cost Adjustment (FCA). NEPRA said that the FCA will be applicable for only one month. According to a notification issued in this regard, the bill for June 2022 will be charged from FCA for April 2022, to be paid by all consumer categories of distribution companies except Lifeline and K-Electric consumers, reports Geo News. .

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An increase of Rs 3.99 will put a burden of about Rs 58.5 billion on consumers, which includes 17 per cent GST. Notably, the Central Power Purchasing Agency-Guarantee Limited (CPPA-G) had requested an FCA of Rs 4.5 per unit for the month of April 2022.

The regulator held a hearing on May 31, after which the authority approved the hike in electricity tariff by Rs 3.99 per unit, which is Rs 1.13 more than the March FCA. Meanwhile, the electricity demand in the country has increased to 28,200 MW, while the power supply is 21,200 MW, leaving the power deficit over 7,000 MW.

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Apart from this, many plants have been closed due to shortage of oil, gas and coal, sources said. Due to increasing shortage, many parts of the country are facing load shedding for 10 to 12 hours a day amid hot weather.

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