Increase fuel prices and electricity tariffs immediately CBSL requests

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Central Bank Sri Lanka says it advises the Government to consider increasing fuel prices & electricity tariffs immediately, to reflect the cost.

The Central Bank advise the Government to diligently consider;
a) introducing measures to discourage non-essential and non-urgent imports urgently based on the previous recommendation made by the Central Bank
b) increasing fuel prices and electricity tariffs immediately, to reflect the cost
c) incentivising foreign remittances and investments further
d) implementing energy conservation measures, while accelerating the move towards renewable energy
e) increasing government revenue through suitable tax increases on a sustained basis
f) mobilising foreign financing and non-debt forex inflows on an urgent basis
g) monetising the non-strategic and underutilised assets, and
h) postponing non-essential and non-urgent capital projects.

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