CHATURANGA PRADEEP SAMARAWICKRAMA 
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Govt moves to revamp fuel, electricity pricing formulas
Colombo, April 9 (Daily Mirror) - A controversial move is underway to introduce a new formulas for adjusting fuel and electricity bills in the country, raising questions over its impact on already strained households.
Finance and Planning Deputy Minister Dr. Anil Jayantha Fernando confirmed that the government has decided to overhaul the existing pricing mechanism, citing the sharp rise in global fuel prices amid the ongoing war in the Middle East. According to him, international fuel prices have surged by between 20% and 35%, placing significant pressure on domestic pricing structures.
The Deputy Minister argued that the current system is no longer viable under such volatile global conditions, stating that a new framework is necessary to ensure continued stability in the energy sector. However, critics warn that any change in pricing mechanisms could lead to further financial burden on consumers, especially if not carefully implemented.
While officials insist the proposed system will be designed to minimize the impact on low-income groups, skepticism remains over how effectively such protections can be enforced in practice.
The government also plans to brief representatives of the International Monetary Fund (IMF) on the proposed system, signaling that the changes may be closely tied to ongoing economic reform commitments.
As details of the new system remain undisclosed, concerns are mounting over whether this reform will ease the crisis—or deepen the financial strain on the public.
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