The power tariff is likely to witness a hike of Rs4.33 on account of fuel charges adjustment as the National Electrical Power Regulatory Authority (NEPRA) received a request for the increase from Central Power Purchasing Agency (CPPA), reported 24NewsHD TV channel Monday.

The NEPRA will conduct a hearing on the request on December 29. The consumers will face an additional Rs40billon burden if NEPRA approves the application.

The CCPA has requested the increase under the fuel adjustment for the month of November.

The CPPA has stated in the application that 8.24 billion units of electricity had been generated in the month of November with a cost of Rs66 billion.

Diesel and furnace oil generated the most expensive electricity, costing Rs20 to Rs27 per unit, and LNG generated electricity, costing Rs17 to Rs20 per unit."

It further stated that Pakistan also imported electricity from Iran at a rate of Rs13 to Rs35 per unit price. On the line losses, the electricity of 20 paise per unit was used.

NEPRA had last approved a hike in the electricity prices at the beginning of November, announcing an increase of Rs1.68 per unit of electricity.

The notification issued for the hike had stated that the increased rates will not be applicable to those who consumed 200 or fewer units of electricity.