The National Electric Power Regulatory Authority (NEPRA) has decreased the power tariff by 42 paisas for consumers of Karachi Electric Supply Cooperation (KESC), a private TV channel quoted on Wednesday.
NEPRA announced this reduction under fuel adjustment and on the basis of power generation cost and electricity buying price.
The power generation and buying price of KESC decreased to Rs. 1.4 billion in June. This includes a reduction of Rs 390 million in generation cost and over Rs 200 million in electricity buying price.
On the other hand, the price of furnace oil has also reduced to Rs 27,000 per metric ton.