According to the notification issued by the Power Division, the price reduction will benefit consumers nationwide, including those under K-Electric. However, the reduction will not apply to lifeline consumers.
The price cut has been made possible through additional subsidies from the federal government.
It is worth noting that, just a day prior, the National Electric Power Regulatory Authority (NEPRA) had approved the government’s request to reduce electricity prices, including in Karachi, under the Petroleum Levy.
NEPRA has sanctioned a price reduction of Rs1.71 per unit, and the decision has been forwarded to the federal government for implementation.
This price reduction comes after a previous adjustment in electricity tariffs, where a Rs1.90 per unit reduction was applied to the quarterly adjustments for consumers across the country, including in Karachi.
Earlier, Prime Minister Shehbaz Sharif had announced a reduction of Rs7.41 per unit for residential consumers on April 3, bringing the price of electricity for domestic users down to Rs 38.37 per unit.
Additionally, a reduction of Rs7.59 per unit was announced for industrial consumers, lowering their electricity price to Rs40.60 per unit.