Sri Lanka - Fuel prices increased from today

2021-12-20 09:07:38

(MENAFN- Colombo Gazette)

Fuel prices have been increased from today, both the Ceylon Petroleum Corporation (CPC) and Lanka Indian Oil Corporation (LIOC) announced.

Accordingly, CPC said that a litre of Petrol 92 ( Octane) has been increased from Rs 157 to 177 (Rs 20), 95 (octane ) from Rs 184 to 207 by (Rs 23), Auto diesel from Rs 111 to 121 (Rs 10), Super diesel from Rs 144 to 159 (Rs 15) and Kerosene from Rs 77 to 87 by (Rs 10).

Lanka Indian Oil said that it has increased the price of Petrol 92 ( Octane) from Rs 157 to 177 (Rs 20), 95 (octane ) from Rs 184 to 210 by (Rs 26), Auto diesel from Rs 111 to 121 (Rs 10), Super diesel from Rs 144 to 159 (Rs 15) and Kerosene from Rs 77 to 87 by (Rs 10).

Energy Minister Udaya Gammanpila had said last month that a proposal was submitted to the Cabinet in March to help bring stability to the price of fuel in Sri Lanka.

However, he said the proposal had not yet been approved by the Cabinet.

Gammanpila said that the Central Bank had also proposed switching to a fuel price formula.

The Minister had said that if there is no alternative then a fuel price formula will be the only solution. (Colombo Gazette)

MENAFN20122021000190011042ID1103406601

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.