State electricity company Wednesday doubled the fuel surcharge in as many months over rising fuel prices.
State Electric Company (STELCO) had been charging four laari per unit of electricity since September 19 but had revised the rate on November 16 to 12 laari (MVR 0.12) per unit to meet the increase in diesel prices.
STELCO’s statistics show that it had purchased a diesel litre at MVR 8.40 since November 16. If the diesel rate per litre exceeds MVR 8, the energy authority had sanctioned the company to levy three laari as surcharge from every additional 10 laari.
The price STELCO had to pay to secure diesel and risen from MVR 7.05 per litre in February to MVR 7.50 in April and MVR 7.97 in June.
The hike in fuel surcharge means, consumers could be faced with another electricity hike.
The government had reversed the tariff hike for households in January in the wake of a public outcry.
But the continued complaints had prompted the government to announce plans to reconsider the tariff which however is yet to materialize.
