The Central Power Purchasing Agency (CPPA) has filed a request with the National Electric Power Regulatory Authority (NEPRA) to raise the monthly fuel adjustment for January, which could result in a higher electricity price per unit.

 

According to the agency’s submission, electricity generation in February reached 9.014 billion units, while 8.762 billion units were supplied to power companies. The price of electricity in January was Rs 12.17 per unit, compared to a reference cost of Rs 10.39 per unit. CPPA has requested an increase of Rs 1.78 per unit for one month.

 

NEPRA is scheduled to review the proposal in a hearing on February 26.

 

In a separate development, the Lahore High Court (LHC) has asked the federal government to provide a detailed mechanism for determining petroleum product prices.

 

The request came during a hearing of a miscellaneous petition filed by the Judicial Activism Panel, which challenged the recent increase in fuel prices. During the proceedings, Justice Khalid Ishaq directed the government to “present the complete methodology behind the pricing,” allowing the court to examine the reasons and procedures for the hikes. Notices were issued to relevant parties, who are required to submit detailed responses at the next hearing.

 

Recently, the government raised petrol prices by Rs 5, bringing the rate to Rs 258.17 per liter. The price of high-speed diesel was also increased by Rs 7.32, reaching Rs 275.70  per liter for the next fortnight.