June price revision provided 55% relief in electricity prices to 3.5 million consumers- Minister

During a media briefing held at the Presidential Media Centre under the theme of “Collective path to a stable country” today (04), Minister of Power and Energy, Kanchana Wijesekera, addressed accusations from various parties regarding the electricity price revision. He highlighted that in June’s price revision, the government provided a significant 55% relief in electricity prices to 3.5 million out of the total 6 million consumers.

The minister said that concessions were granted to religious establishments and industries during the revision process and added that a favourable environment had been established for initiating new renewable electricity projects.

Regarding fuel supply, the minister announced that the first fuel shipment from one of the two companies contracted by the Petroleum Corporation would arrive in Sri Lanka at the end of the current month. This marks the beginning of fuel distribution operations by the new suppliers.

Furthermore, the minister expressed confidence in the government’s program, led by President Ranil Wickremesinghe, to promote financial stability in both the Electricity Board and the Petroleum Corporation. These entities he said have undergone financial crises but are now on a path towards achieving stability.