• Calls on PUCSL to act without delay 
• Demands transparent fuel pricing formula

The Electricity Consumers' Association (ECA) yesterday (30 June) called for an immediate reduction in electricity tariffs following the Government's latest diesel price cut, urging the Public Utilities Commission of Sri Lanka (PUCSL) to act without delay as diesel remains a key fuel used in power generation. 

Speaking to The Daily Morning, ECA’s General Secretary Sanjeewa Dhammika said, “The diesel prices were reduced on Monday (29). A significant proportion of the diesel imported into the country is used for electricity generation. Therefore, electricity tariffs should be reduced immediately. The Commission must take action."

He also alleged the fuel pricing mechanism is misleading, and added that the Government should act on its promises regarding the fuel pricing formula. "The Government promised to ensure transparency in the pricing formula. That promise should be fulfilled now." He said that fuel prices and electricity tariffs have a direct impact on the broader economy, and stressed that pricing mechanisms should be transparent and fair to the consumers.

The remarks follow the Ceylon Petroleum Corporation's latest fuel price revision, which came into effect from Monday. Under the price revision, the price of Auto Diesel was reduced by Rs. 25 to Rs. 382 per litre whereas the price of Petrol 92 Octane was reduced by Rs. 20 to Rs. 414 per litre. The prices of Super Diesel, Petrol 95 Octane and kerosene remain unchanged.

Earlier, Energy Minister Anura Karunathilaka said the Government would not seek approval from the PUCSL for an electricity tariff increase before September. However, he said there is a concern over lower-than-expected rainfall in April, and added that the electricity tariff revision for the fourth quarter of the year would therefore be sought in a manner that reflects losses incurred during the period.