COLOMBO - Sri Lanka's heavily loss-making state-run electricity monopoly asked for a shocking price rise of over 800 per cent for its poorest customers with the bankrupt nation out of fuel, regulators said on Monday .
Currently, anyone using less than 30 kilowatts a month pays a flat 54.27 rupee, which the CEB sought to raise to 507.65 rupee. Domestic rates have yet to be decided, but prices will go up by 43 to 61 per cent for commercial and industrial users, he added. Over the past six months the government has already increased diesel prices nearly fourfold and petrol by more than two and a half times.Energy minister Kanchana Wijesekera has said he is unable to say when fresh stocks will arrive in the country, which does not have its own oil.
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