Electricity consumers breathed a sigh of relief after Prime Minister Shehbaz Sharif on Thursday announced a significant cut in power tariffs, providing a relief of Rs7.41 per unit to domestic consumers.
Announcing the power relief package at a ceremony in Islamabad, the prime minister also revealed that the cost per unit for industrial units has also been slashed by Rs7.59.
The development comes a month after the government’s request to the National Electric Power Regulatory Authority (Nepra) for a reduction of electricity prices — following the approval of the International Monetary Fund (IMF), which gave its go-ahead for a Re1 per kilowatt cut in utility rates.
- Average price of electricity reduced by Rs7.41 per unit.
- Per unit power tariff slashed from Rs45.05 to Rs37.64.
- Power tariff for domestic consumers reduced by Rs7.15.
- Commercial consumers provided a relief of Rs8.58 per unit.
- Per unit rate for commercial consumers slashed from Rs71.06 to Rs62.47.
- Electricity rate for general services reduced by Rs7.18.
- Per unit rate for general services reduced from Rs56.66 to Rs49.48.
- Power tariff for industrial consumers reduced by Rs7.69.
- Per unit rate for industrial consumers reduced from Rs48.19 to Rs48.19.
- Power tariff for bulk supply slashed by Rs7.18 per unit.
- Per unit price for bulk supply reduced from Rs55.05 to Rs47.87.
- Power tariff for agricultural sector reduced by Rs7.18 per unit.
- Per unit rate for agricultural sector slashed from Rs41.76 to Rs34.58.
