Fuel prices up from midnight yesterday

Published : 9:46 am  July 11, 2018 | No comments so far |  |  (69) reads | 

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By Chaturanga Samarawickrama   
A decision has been taken to increase fuel prices at CEYPETCO outlets from midnight yesterday, Minister Rajitha Senaratne said.  

 

Accordingly, Petrol (Octane 92) will be increased by Rs.8 to Rs.145, Petrol (Octane 95) will be increased by Rs.7 to Rs.155, One litre of Auto Diesel increased by Rs.9 to Rs.118 and One litre of Super Diesel will be increased by Rs.10 to Rs.129, however, the price of Lanka Kerosene will remain at Rs.70.   


 The decision was taken at a meeting with the President.   


Fuel prices were increased last week but the decision was withdrawn following an order given by the President.   


Minister Senaratne said the decision was taken following a discussion with the President at the Presidential Secretariat last evening.   “The fuel price was increased according to the fuel pricing formula and each month the price will be calculated according to the world market prices,” he said.   


The petrol price had to be increased by Rs.14 according to the price increase in the world market but the President had taken the decision to charge half the price while bearing the loss.