National Electric Power Regulatory Authority (NEPRA) approved 84 paisa per unit hike in power tariff on Tuesday (today).
The 84 paisa per unit hike in power tariff is a result of increased cost of electricity due to fuel adjustment i.e increase in fuel prices.
The tariff hike will in turn will be burdened on consumers and will cost around Rs 12 billion.
Meanwhile, fuel adjustment charges will be applicable on the month of July and will be charged in consumer utility bills in next month.
Prior to this, the Economic Coordination Committee (ECC) had permitted K-Electric to increase its tariff rate by Rs 2.89 as part of its quarterly tariff adjustment back in July last month.
Furthermore, NEPRA had imposed a fine of Rs200 million on K-Electric over excessive load shedding in Karachi, a day earlier.