FPCCI rejects proposed July FCA increase

The Federation of Pakistan Chambers of Commerce and Industry has formally opposed the proposed positive fuel charges adjustment for July 2026, according to Business Recorder. In its submission to Nepra, the FPCCI argued that a large part of the claimed increase comes from costs that should be recovered only from Incremental Consumption Package users, not spread across all consumers. The federation said actual marginal prices were above the Rs22.98 per kWh ICP rate in five of the eight months since December 2025, averaging Rs26.62 per kWh.

FPCCI asked Nepra to have the gap recovered from ICP consumers, to direct the overdue revision of the Rs22.98 rate, and to ensure the semi-annual review it said had apparently not taken place. It also questioned the July 2026 reference Power Purchase Price, which it said was more than Rs8 per kWh below the July reference of each of the previous four years. FPCCI put the combined RLNG and HSD cost for July at Rs77.96 billion, and it wants mandatory offtake clauses renegotiated or suspended when they exceed alternatives.

K-3, the 1,018 MW Karachi Nuclear Power Plant, produced only 1.43 GWh in July, while K-2, also at that site, produced 697.7 GWh. FPCCI urged Nepra to reject the July 2026 FCA as proposed, cautioning that passing on avoidable power costs could speed up factory shutdowns and weaken exports.