The price of electricity is expected to be reduced by Rs 3.20 per unit.
The hearing of Central Power Purchasing Agency’s (CPPA) request will be held on Tuesday (today) by the National Electric Power Regulatory Authority (NEPRA). According to NEPRA officials, CPPA has submitted an application for reduction in electricity rates in view of monthly fuel adjustment charges. The application states that the electricity cost for production by coal was Rs 4.49 per unit, by diesel it was Rs 19.18, by furnace oil Rs 12.38, Rs 3.57 by gas and Rs 1.18 per unit by nuclear means.
According to details, the rate for electricity imported from Iran was Rs 10.20 per unit. According to the application, the overall expenses for electricity production is Rs 6.32 whereas reference price was fixed at Rs 9.53 per unit.
FURNACE OIL PRICES HIKED BY RS 2,000:
The price of furnace oil used in the production of electricity in Pakistan has increased by about Rs 2,000 per tonne to reach Rs 37,400 per tonne.
A rise in global crude oil prices has affected the otherwise consistently falling price of furnace oil.
According to experts, the constant falling price of furnace oil during October to December last year attributed to the reduction of cost of electricity production by Rs 3.
The relief is being passed on to consumers gradually by the government.