Fuel prices increasing since introduction of price formula: Prez

14 September 2018 09:31 pm - 15     - {{hitsCtrl.values.hits}}


President Maithripala Sirisena said today even though the oil price formula was introduced to provide the benefit of fuel price reduction in the international market to the people, the local fuel prices were increasing since the introduction of this formula.

“A decision whether to change this will be taken based on upcoming Budget proposals,” he told the Heads of Media Institutions at the President’s House.

  Comments - 15

  • Dee Friday, 14 September 2018 08:46 PM

    Yes please. Keep on subsidising. Someone will pay for it in some other form.

    Harini Friday, 14 September 2018 08:56 PM

    I think he's forgotten for which side he's batting.

    Sofia Friday, 14 September 2018 09:09 PM

    Obviously becaue the inputs like fuel oil price is increasing. This main ingredient in formula. If someone does not understand that well .............. !!

    peries Saturday, 15 September 2018 04:29 PM

    To understand you must have brains... Ha Ha

    Tariq Thowfeek Saturday, 15 September 2018 07:47 PM

    When the next fuel price revision comes up even if the fuel oil prices have come down I can predict it will keep going up till Mahinda Rajapaksa debts are paid off until 2020.

    Samson Friday, 14 September 2018 09:13 PM

    Public must be made aware of the pricing formula. Whatever the formula crude oil increased by 40 US cents and dollar gained a rupee from the last revision. This does not warrant Rs 4/- increase per litre. Increase is to cover up political overheads and other inefficiencies.

    ANTON Saturday, 15 September 2018 06:07 AM


    Citizen Saturday, 15 September 2018 06:35 AM

    You fooled us by joining with UNP to become President. Now you have realised your mistake.

    Ram Saturday, 15 September 2018 07:31 AM

    Keep increasing all prices to cover expences of all ministers, mp,s and theri spouses, relatives, keeps, friends etc. Etc. Dont, worry about the public.

    Saranga Saturday, 15 September 2018 08:42 AM

    Ideally price should change daily not monthlySeriously do we need an economic catastrophe in this country??? Do we ever learn or should we subsidies n pay in another form???Also this President is from SLFP n they follow 1970 Bandaranaike out dated policies.Good Luck SL

    ANTON Saturday, 15 September 2018 09:28 AM


    Tariq Thowfeek Saturday, 15 September 2018 07:52 PM

    Maybe a massage at a Thai Spa by a Thai Woman

    Labby Saturday, 15 September 2018 11:08 AM

    All that this President can do is to keep complaining about things; never doing anything constructive to improve the administrative process. He even complains about the arrest of wrong doers.

    Mandy Saturday, 15 September 2018 04:31 PM

    He can do more - he even threatens to use the sword and maduwaligey.

    mrazzan Saturday, 15 September 2018 07:55 PM

    He always forgets he is president of this country and act like still a Grama sewaka.

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