PM to CoL committee: Don’t increase fuel prices

8 May 2015 02:55 am - 8     - {{hitsCtrl.values.hits}}


Prime Minister Ranil Wickremesinghe has instructed the committee on the cost of living not to increase the price of fuel though the price of crude oil was rapidly increasing in the world market.

The price of crude oil is increasing and the Petroleum Corporation had informed the treasury that it had to pay a high price to purchase it.

Having considered the situation, the prime minister had asked the cost of living committee not to place the burden on the masses.

The relief measures provided under the 100-day programme should not be reversed under any circumstances, he said.

Meanwhile, at a media briefing at the Finance Ministry yesterday, Minister Ravi Karunanayake said that the Indian Oil Company and the Ceylon Petroleum Corporation had requested permission to increase the price of fuel and he had refused.

He said that though the price of crude in the world market had reached a high point, it was not the policy of the government to keep on increasing the prices. He said the government would not allow the price of fuel to be increased. (Sujith Mangala de Silva and Ranjan Kasthuri)

  Comments - 8

  • peiris Friday, 08 May 2015 04:19 PM


    wtf Saturday, 09 May 2015 09:00 AM

    What a load of bull crap. By the two biggest liers in SL. Just trying to fool the people in SL by showing they are the good guys. The world crude oil prices are very low at the moment. This is why they are able to reduce the prices. If the world prices increases. SL have no choice but to increase prices without doing so the countries economy will have problems. Well unless they increase taxes, which they are doing at the moment.

    wtf Saturday, 09 May 2015 09:02 AM

    Come man.. Stop being so gullible to lies. The world prices are low at the moment. Both these liers are trying to be the good guys with these lies.

    lasantha Friday, 08 May 2015 02:11 PM

    Well done!! R

    lkboy Friday, 08 May 2015 11:34 AM

    When the price in the world market goes down, they are lethargic to reduce. But when it increases, they are soon at it!

    Good work Friday, 08 May 2015 11:35 AM

    Really really its good work. Please keep it up. now we can understand differences btw previous regime and present government. If it previous government they might have increased now

    Menu Friday, 08 May 2015 11:42 AM

    Well done Ranil and Ravi.

    upali Friday, 08 May 2015 01:21 PM

    Is it a indication of a future increase .

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