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After petrol, electricity price increased by Rs1.82 per unit

06:35 PM | 5 Nov, 2019
After petrol, electricity price increased by Rs1.82 per unit

ISLAMABAD - The National Electric Power Regulatory Authority (NEPRA) on Tuesday approved Rs 1.82 per unit hike in power tariff for the month of September under monthly fuel adjustment formula.

The Central Power Purchase Agency Guarantee Limited (CPPA-G) had sought Rs 2.97 per unit but the regulator allowed Rs 1.82 per unit hike for the said period.

The hearing was presided over by the NEPRAChairman Tauseef H Farooqi. An amount of Rs 24 billion would be recovered from the consumers in the billing of next month. However, the hike would not be applicable to the consumers using upto 300 units, K-Electric and agri connections.

In a petition filed with National Electric Power Regulatory Authority (NEPRA), the CPPA-G on behalf of ex-WAPDA distribution companies maintained that it had charged consumers a reference tariff of Rs 2.

8410/kWh against the actual fuel cost of Rs 5.8136/kWh during the said period.

The CPPA in its petition said the total energy from all sources remained at 13,621.35 Gwh in September and the total cost was calculated to Rs 70.231 billion with an average per unit fuel costof Rs 5.156 per unit.

Some 37.09 per cent of electricity was generated from hydel, 16.39 per cent from coal, 21.06 per cent from RLNG, 11.85 per cent from local gas, six per cent from furnace oil, wind 1.10 per cent and nuclear 5.50 per cent during the said period.

The regulator also sought report from CPPA-G about power generated from furnace oil within 15 days.

Daily Pakistan Global Web Desk

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 28 Feb 2024

Pakistani currency remains momentum against US dollar in the open market on February 28, 2024 (Wednesday).

US Dollar rate in Pakistan

In the open market, the US dollar moves up and currently hovers at 282 for buying and 282.25 for selling.

Euro currently stands at 303.1 for buying and 306.1 for selling while British Pound rate stands at 351.6 for buying, and 355.1 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.25.

Today’s currency exchange rates in Pakistan - 28 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 282 282.25
Euro EUR 303.1 306.1
UK Pound Sterling GBP 351.6 355.1
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.25 75.05
Australian Dollar AUD 181.1 183.1
Bahrain Dinar BHD 742.91 750.91
Canadian Dollar CAD 207.1 209.1
China Yuan CNY 38.87 39.27
Danish Krone DKK 40.61 41
Hong Kong Dollar HKD 35.75 36.1
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 905.46 914.46
Malaysian Ringgit MYR 58.5 59.1
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.41 26.71
Omani Riyal OMR 725.54 733.54
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207.15 209.15
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317 319.5
Thai Bhat THB 7.76 7.91

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