Sri Lanka raises electricity prices by 75%
Sri Lanka’s electricity sector regulator on Tuesday granted approval to increase electricity prices by 75 per cent.
The chairman of the Public Utilities Commission of Sri Lanka, Janaka Ratnayake, said the price revision would take effect from August 10.
With the price hike, the bill of consumers who use up to 30 units per month will increase by 198 rupees (($1 equals 361 Sri Lankan rupees), while those who use up to 60 units will now bear approximately 200 rupees increase.
The Ceylon Electricity Board had sought an increase of 276 per cent for consumers who use more than 90 units, but the commission approved a 125 per cent hike for that price bracket.
(Xinhua/NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Abuja
CAN mourns ex-Aso Rock chaplain William Okoye
CAN has expressed deep sadness over the passing of William Okoye, the founder and general overseer of All Christians Fellowship Mission.
World
U.S. soldiers to be screened for testosterone deficiency
The U.S. secretary of war, Pete Hegseth, on Wednesday, said soldiers who are 30 years old and older would be screened for ‘testosterone deficiency’.
Economy
SpaceX shares slide below IPO price for first time
Elon Musk-owned SpaceX’s shares stumbled below their initial public offering (IPO) price for the first time on Wednesday, just over a month after the company went public.
Hot news Home top
Iran puts Trump in coffin on giant billboard
An inscription splashed across the coffin says, “We Will Kill Trump,” in both Persian and English. Another message on the billboard says, “In memory of Minab’s children.”
Economy
Africa risks losing $300 billion blue economy potential, BRACED chair warns
BRACED boss noted that Africa’s blue economy has an estimated annual value of more than $300 billion if properly harnessed.
Sport
Argentina v Spain: Will Messi ‘bathe’ Yamal in 2026 FIFA World Cup final on Sunday?
In 2007, Messi, 20, Barcelona’s budding star, was paired with five-month-old Yamal in a charity calendar photo shoot put together by Barcelona’s foundation.
