Fuel prices reduced from midnight

2015-01-21 15:58:49

60524

Keeping its election promise the new government under President Maithripala Sirisena has reduced fuel prices with effect from midnight today.

Accordingly price of a litre of 92-octane petrol has been reduced from Rs. 150 to Rs. 117 while the price of 95-octane petrol has been come down from Rs. 158 to Rs. 128.

A litre of Lanka auto diesel and super diesel which were Rs. 111 and Rs.138 respectively have been reduced to Rs. 95 and Rs.110, while kerosene has come down from Rs. 81 to Rs. 65 per litre.

The Power and Energy Ministry said today in a statement that a price formula that would suit the country’s economy would be presented soon, after considering the fluctuations of fuel prices in the world market and that another set of relief measures were also in the pipeline.

Earlier, on Tuesday, State Minister Palitha Ranga Bandara said at a meeting at the Ceylon Petroleum Corporation (CPC) that a reduction in fuel prices was to be expected soon and that the new prices would be officially announced on Independence Day, February 4. However, the government had decided today to implement the price reduction forthwith.

The minister also said that a price revision formula for LP Gas was also in the offing and would be made public soon.

Fuel prices were reduces twice during the tenure of President Mahinda Rajapaksa -- first on the eve of the Uva Provincial Council election and then on December 6 last year, prior to the recently concluded presidential election.

	New Price Rs. per litre	Old Price Rs. per litre
92-octane petrol	Rs. 117	Rs. 150
95-octane petrol	Rs. 128	Rs. 158
Lanka auto diesel	Rs. 95	Rs. 111
Super diesel	Rs.110	Rs.138
Kerosene	Rs. 65	Rs. 81

Comments - 21

Alahapperuma Thursday, 22 January 2015 01:20

The oil prices are currently dropping. It should be at least Rs. 20 less for each category.

Reply : 24 36

Shani Thursday, 22 January 2015 06:27

Even in the US fuel prices have been reduced drastically. We need to reduce another Rs.25.

Reply : 33 31

BuffaloaCitizen Thursday, 22 January 2015 10:12

Please be happy what this government has done, something which the earlier regime was pocketing.

14 38

Melvin Thursday, 22 January 2015 10:25

Where were these comments when you were paying Rs. 162.00/litre??

7 35

saman Thursday, 22 January 2015 01:26

Fuel prices are decided by the supply demand at the international crude oil market; not by My3pala the president. Price fluctuates almost on a daily basis.. Compared to December 2014, crude oil price has come down by 33% in the world market.

Reply : 15 56

Shiraz Thursday, 22 January 2015 02:41

What a great news...Thank you President

Reply : 11 76

Horri Jimonis Thursday, 22 January 2015 09:59

This is only a start, our President

Reply : 4 16

suresh Thursday, 22 January 2015 02:59

Jaya wewa !!

Reply : 8 50

Henry Thursday, 22 January 2015 04:06

Thank you Mr. President , hope CTB, Private Bus Owners, Railway, Transporters plus CEB will pass the benefit to consumers promptly.

Reply : 2 73

Lanka Thursday, 22 January 2015 05:00

By the way, the fuel prices have come down all around the world......it should not have anything to do with election promises!

Reply : 64 31

Lanka Thursday, 22 January 2015 05:00

By the way, the fuel prices have come down all around the world......it should not have anything to do with election promises!

Reply : 49 25

sri Thursday, 22 January 2015 05:29

This should have done long time ago due to world market and nothing to do with election promises.

Reply : 9 53

Gihan perera Thursday, 22 January 2015 09:30

Long live new era! hell to previous era!

Reply : 2 14

Fassey Thursday, 22 January 2015 09:57

Thank you Mr President and we look forward to the other benefits too

Reply : 1 12

Prem Thursday, 22 January 2015 09:58

Lanka. If so why the earlier governmene has not redused before

Reply : 2 13

J Palitha Thursday, 22 January 2015 10:03

Mahinda cheated the public but President Mithiripala Sirisena fulfills his promises. Thanks Sir.

Reply : 9 19

kusum Thursday, 22 January 2015 10:11

Well.You kept your promise! I am sure we can expect other promises too! Salute to you ,our new President!

Reply : 5 14

suj Thursday, 22 January 2015 10:16

Yes!! It should have been done long ago!!! But MR and Co did not do it and they deprived of people from enjoying the reduction of oil prices in world market!!! Champika did not promise reduction in price to win election!! He said it should be reduced in accordance with the reduction in prices in world market!!! Now that should be appreciated for doing the right thing!!

Reply : 5 19

SriPrakash Thursday, 22 January 2015 10:21

Thank You Presidentமிக்க நன்றி

Reply : 3 15

lakmal Friday, 23 January 2015 09:38

thanks president.

Reply : 0 0

Orpheus Saturday, 31 January 2015 08:15

Dily News says :anka IOC (LIOC) has been able to cover its losses,incurred during the recent past due to the global crude oil price hike. This is due to the fact that oil prices have come to be stable at US $ 93 per barrel this year and a predicted US $ 90 per barrel in 2015.However due to losses incurred during the past few years the both companies have not been able to pass on this benefit to the customer as yet.- See more at: http://www.dailynews.lk/?q=business/lioc-cover-losses-due-stable-crude-oil-prices

Reply : 0 0

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