KARACHI: Electricity tariff is likely to decrease by Rs 6.62 per unit, in major relief for K-Electric consumers.

As per details, Karachi-Electric submitted a request to the National Electric Power Regulatory Authority (NEPRA) seeking a reduction in electricity prices under fuel adjustment for February. NEPRA is set to hold a hearing on K-Electric’s request pertaining to the monthly fuel adjustment for February on April 16. If approved, the reduction in the power tariff will provide a relief of over Rs6.66 billion to consumers. Earlier, Prime Minister Shehbaz Sharif announced a significant reduction in electricity prices, describing it as a major relief for the public.  Speaking at an event organized for the announcement, he revealed that the government has decided to lower the electricity tariff by Rs 7.41 per unit for domestic consumers and Rs 7.59 per unit for industries.