Core Insights - Sri Lanka has raised power tariffs for households by 7.2% and for industries by 8.7% due to rising energy costs linked to the Iran war [1][3] - The new pricing is part of a $2.9 billion program with the International Monetary Fund aimed at stabilizing the state-run Ceylon Electricity Board [2] Group 1: Tariff Increases - Households will see a tariff increase of 7.2%, while industries will face an 8.7% increase [1] - Hotels, which are vital to the tourism sector, will experience a 9.9% rise in power costs [3] - Poorer households will see increases ranging from 4.3% to 6.9% under the new pricing structure [3] Group 2: Financial Context - The Ceylon Electricity Board initially requested a 13.56% price hike to address a revenue shortfall of 15.8 billion rupees ($52.6 million) due to rising costs [4] - The new tariffs will take effect from the beginning of April [4] Group 3: Energy Supply Challenges - Sri Lanka is negotiating with Russia, India, and the U.S. for uninterrupted fuel supplies and is allocating $600 million for refined fuel purchases in April [5] - The country is struggling to secure 90,000 metric tons of crude oil necessary for its only refinery to operate and produce sufficient furnace oil for thermal power plants [5]