Sri Lanka raises electricity tariffs by 66% in hopes of motivating new IMF loans

The Sri Lankan governmentเว็บเล่นสล็อตhas once again raised the price of electricity by 66% in hopes of boosting the satisfaction of the International Monetary Fund. in approving a new installment of credit

Foreign news agencies reported from Colombo. Sri Lanka on February 16 that the Ministry of Energy of Sri Lanka issued a statement. Regarding the increase in electricity rates at a rate of 66% without clearly specifying the price ceiling and setting the price range But there are hopes that can reduce the price of electricity When the next assessment of the situation is due in the coming July

In addition, Sri Lanka, which is experiencing its worst economic crisis. in the history of the country Adjusted the electricity price for the first time in 9 years in August 2021, setting a rate of 264%, with reports that Originally, the government wanted to raise the electricity tariff up to 800%, but the Public Utilities Audit Committee set the ceiling at 264%.

However, about two-thirds of Sri Lanka's 7.8 million households which uses less than 90 kilowatts of electricity per month will remain the most affected by the measure of increasing electricity tariffs because the fees will increase exponentially While the government emphasizes the "necessity" of measures after the end of the electricity subsidy policy and to help relevant agencies Continue to plan for long-term electricity prices.

Sri Lanka's move is part of the International Monetary Fund's (IMF) "strict conditions" in return for new loans worth US$2.9 billion as it is available. A mutual agreement was reached in September last year.