Yes but that would probably involve changing a lot more than just the transformer. Without knowing more about the supply you don't know how far back upstream kit would need to be beefed up or what other knock on consequences there could be. And maybe that's what's behind the POCO's decision.I do not know why the POCO refuses to enhance the service of the OP to higher capacity, since up to 144 KVA or at least 96 KVA single phase service may be provided by the utility per the link below.