Sri Lanka to hike household power tariffs by 15%

Published 11/06/2025, 09:28
© Reuters.

Investing.com -- Sri Lanka plans to increase household electricity tariffs by 15% as part of efforts to secure the next payment from its $2.9 billion International Monetary Fund program.

The Public Utilities Commission of Sri Lanka announced Wednesday that the revised tariffs will take effect from midnight.

Industries will face a larger increase of 20.5% in their power costs, according to K.P.L. Chandralal, chairman of the regulatory body.

The tourism sector, which is a key foreign exchange earner for the island nation, will see power prices rise by 20.2%.

This tariff adjustment represents an important step in Sri Lanka’s ongoing efforts to meet the requirements for continued financial support from the IMF under its $2.9 billion assistance program.

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