Cabinet to decide on CEYPETCO fuel prices

6 July 2018 07:00 pm - 4     - {{hitsCtrl.values.hits}}

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The Finance and Mass Media Ministry today said a decision on fuel prices of CEYPETCO would be taken at the Cabinet meeting next week.

It also reiterated that the prices of fuel would be revised every two months according to the new price formula.

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  • selvin Friday, 06 July 2018 08:52 PM

    Formula must be wrong.Gas price down and petrol price up. This can't happen simalteniuosly.

    Unhcikun Friday, 06 July 2018 09:14 PM

    Gas and petroleum can from two different sauces and the production prices are not the same?

    AJ Monday, 09 July 2018 09:21 AM

    Fuel price is not related to production process. Only thing that matters is supply and demand. When demand goes up for one product, all related substitutes also rise in price.

    Unchikun Friday, 06 July 2018 09:04 PM

    Can the government please make public the pricing formula . We can then consult Mr. Modawansa for a detail analysis of the formula (please see that the formula has no zeros).


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