Diesel production tax increased

26 August 2016 05:14 pm - 5 - {{hitsCtrl.values.hits}}

A A A

The Government has increased the production tax on diesel by Rs. 10 per liter with effect from August 20, the Finance Ministry announced today.

Accordingly, the production tax on diesel has been increased to Rs. 13 from Rs. 3.

Ministry said the market price of diesel would not be increased due to the new tax revision.

The ministry said the crude oil prices in the world market have declined and the Government has revised the production tax on diesel in order to claim the advantage from the world oil price decline.

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Comments - 5

lkboy Friday, 26 August 2016 06:01 PM

Oh boy, what a statement. Government has revised the tax in order to claim the advantage by the world prices going down, instead of passing the advantage on to the citizens!

Arnold Friday, 26 August 2016 06:13 PM

This is not going to be good.

Premalal Friday, 26 August 2016 06:13 PM

No business can do any credible business plan. This government was supposed to be business frendly. National budget has no meaning, price controls are enforced, taxes change like yo yos. Very business friendly.

shan Friday, 26 August 2016 07:59 PM

Tax means passing the benifits to all people indirectly not passing benifits tocertain group of people.

Cobra Friday, 26 August 2016 08:27 PM

B onions, potatoes and now diesel; all this is VAT in mufti!!!

Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Diesel production tax increased

Comments - 5

Add comment

RECOMMENDED

‘Spike in blast fishing’ poses renewed threats to Sri Lanka’s marine ecosystems

UDA owned land in Thalawathugoda; UDA Minister Prasanna Ranatunga under the spotlight for forceful occupation of reserved land

Loss-making SMIB faces political pressure in recovering loans

Baltimore Bridge Collapse: MV Dali, SL authorities anchored in mystery?

Has Sri Lanka become a potential hub for the illegal wildlife trade?

Spotlight on Moragahakanda Development Project Moragolla villagers lose livelihoods and down to one meal a day

Ambitious Sri Lankan jobseekers ‘trafficked into Ukraine war zones’

Most Viewed in News

Racing event tragedy leaves seven dead including eight-year-old child

Two racing drivers arrested over Fox Hill tragedy

New Visa procedure implemented

SL on alert on possible genocide allegations by Canada

Sri Lankan among NASA’s new crew for next simulated Mars journey

Former MP Palitha Thewarapperuma dies from electrocution

MIRROR CRICKET

TODAY'S HEADLINES