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Electricity price decreased by Rs3.82 per unit, says energy minister

06:05 PM | 11 Apr, 2024
Electricity price decreased by Rs3.82 per unit, says energy minister

ISLAMABAD – Federal Minister for Energy Sardar Awais Leghari has announced a reduction in electricity prices for the public.

Leghari stated in a statement that there has been a reduction of Rs 3.82 per unit in electricity bills for April, with the overall decrease attributed to adjustments in the fuel prices.

He said that fuel price adjustments for the current month's bills have been reduced from Rs 7.06 per unit to Rs 4.92 per unit, resulting in a reduction of Rs 2.14 per unit in fuel costs. The previous fuel price adjustment was Rs 4.43, which has now decreased to Rs 2.75, resulting in a reduction of Rs 1.68 per unit in electricity bills.

The Minister for Energy explained that according to the notification of fuel price adjustments, there has been a decrease in electricity bills compared to the previous month.

The minister clarified that NEPRA sets the 'reference tariff' for the entire year at the beginning of each year, while the Fuel Price Adjustment (FPA) determines the cost of electricity generation for one month. A decrease in fuel prices leads to a reduction in prices for consumers compared to the prescribed tariff by NEPRA. 

In case of a surplus price over the prescribed NEPRA tariff, the difference between the actual fuel price and the prescribed fuel price is collected, which leads to an increase in national losses. NEPRA determines the fuel price adjustment for each month.

Daily Pakistan Global Web Desk

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Today Open Market Currency Rates in Pakistan - Rupee to US Dollar, Euro, Pound, Riyal - 25 May 2024

      
Pakistani currency rates against US Dollar and other currencies on May 25, 2024 (Saturday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.15 for buying and 280.15 for selling.

Euro moved down to 297 for buying and 300 for selling while British Pound rate is 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.15 and Saudi Riyal came down to 73.35.

Today’s currency exchange rates in Pakistan - 25 May 2024

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.15 280.15
Euro EUR 297 300
UK Pound Sterling GBP 349.5 353
U.A.E Dirham AED 75.15 75.85
Saudi Riyal SAR 73.35 74.1
Australian Dollar AUD 183 184.8
Bahrain Dinar BHD 740.75 748.75
Canadian Dollar CAD 203 205
China Yuan CNY 38.47 38.87
Danish Krone DKK 40.52 40.92
Hong Kong Dollar HKD 35.68 36.03
Indian Rupee INR 3.35 3.46
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 907.57 916.57
Malaysian Ringgit MYR 59.39 59.99
New Zealand Dollar NZD 170.03 172.03
Norwegian Krone NOK 25.92 26.22
Omani Riyal OMR 723.64 731.64
Qatari Riyal QAR 76.42 77.12
Singapore Dollar SGD 203 205
Swedish Korona SEK 26.02 26.32
Swiss Franc CHF 304.75 307.25
Thai Bhat THB 7.67 7.82

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