Electricity price is likely to increase up to Rs 8 per unit from July 1 Pi News

The price of electricity is likely to increase up to Rs 8 per unit from July 1.

According to sources in the Ministry of Energy, the price of electricity will be increased in the form of basic tariff. The final decision will be taken after the decision of NEPRA on the applications of electricity distribution companies.

NEPRA has completed hearings on the revenue requirements applications of 10 power distribution companies. A decision on the applications is expected from NEPRA this week. After the decision of NEPRA, the power division will make the final decision.

Following the decision of NEPRA, the federal government will also decide on the targeted subsidy.

Sources said that due to fuel prices, high dollar, revolving credit and company losses, electricity will become more expensive. At present, the basic electricity tariff in the country is more than Rs. Can exceed Rs.