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Monday, November 25, 2024

Home Business HCCI appeals to withdraw fuel price adjustment on electricity

HCCI appeals to withdraw fuel price adjustment on electricity

by News desk
May 11, 2022
in Business

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Hyderabad Chamber of Commerce and Industry (HCCI) appealed to Prime Minister Shehbaz Sharif to withdraw the decision of fuel price adjustment on electricity, adding that monthly enhancement of electricity prices is adversely affecting the industrial production.

In a joint statement issued here on Tuesday, the President HCCI Adeel Siddiqui, Senior Vice President Najamuddin Qureshi and Vice President Owais Khan said that Rs. 2.26 per unit enhancement under fuel price adjustment, approved by NEPRA could badly affect the industrial and trade activities as the consumers will bear additional burden of Rs. 29 billion.—APP