ISLAMABAD, Jan. 25 (Xinhua) -- Pakistani National Electric Power Regulatory Authority (NEPRA) announced on Thursday to reduce the electricity price by 2.99 rupees (2.7 U.S. cents) per unit under the fuel adjustment for the month of December, 2017.

The decision in this regard was taken in a public hearing, which was conducted under Chairman NEPRA Tariq Saddozai in Islamabad. The hearing was conducted upon request of the Central Power Purchasing Agency (CPPA) which requested the NEPRA to cut the power price.

The CPPA informed at the hearing that the generation of electricity during December was recorded at 7.76 billion units, which was produced at 5.11 rupees (4.6 U.S. cents) per unit while its cumulative cost was 40.60 billion rupees (0.37 billion U.S. dollars).

The power distribution companies charged consumers 8.10 rupees (7.3 U.S. cents) per unit during the month under review, it added.