The National Electric Power Regulatory Authority (NEPRA) has approved an increase of Rs 7.90 The Price Of Electricity.
The increase was made in the context of the May fuel adjustment, NEPRA will issue a detailed decision later. NEPRA officials said that global fuel prices have risen sharply, which would have been even higher if more expensive fuel had been used.
CPPA officials said that global fuel prices have risen sharply. Earlier, global coal was very cheap, but due to the Russia Ukraine war, global coal became very expensive.
According to CPPA officials, LNG cargoes are available for 42 42 at the end of July, but it is impossible to buy them in the current situation in the country. A cargo has also been canceled under a long-term agreement.
Chairman NEPRA said that even if we do something, we will get stuck and the situation is as it is. Do not apply on imported fuel.