Fuel prices to be reviewed tomorrow: Mangala

20 December 2018 02:20 pm - 23     - {{hitsCtrl.values.hits}}


Fuel prices are to be reviewed tomorrow by comparing prices in the world market, Finance Minister Mangala Samaraweera said.

“We would compare the fuel price with the global market prices and will do a fresh review tomorrow,” he said.

While speaking to the media he said that the fuel prices had come down in the world market, so prices should be reduced in Sri Lanka as well.

“The pricing formula will be active from now on, and any fluctuation in the global market should have an effect here,” he said.

Earlier, the fuel prices were reviewed based on the pricing formula on the 10th of every month based on global prices.

Former Finance Minister Mahinda Rajapaksa used to reduce fuel prices based on the world price. 

“Former Minister gave fuel price concessions with the use of our fuel pricing formula,” he said.
“We do not give false reliefs to people as what was done by the former Finance Minister. Those reliefs were worthless,” Minister Samaraweera said. (Chaturanga Samarawickrama)


Video by Sanjeewa

  Comments - 23

  • Shantha Thursday, 20 December 2018 02:36 PM

    MR effect!

    Appu Thursday, 20 December 2018 02:37 PM

    In the world market, the oil price is 52 dollars /barrel

    Gihan Thursday, 20 December 2018 10:05 PM

    Yes, down by ovwr 30% since Mangala was last warming the seat as Finance Minister in October!

    Nandimal Thursday, 20 December 2018 02:38 PM

    According to your SOOTHTHAre?

    Ballot Man Thursday, 20 December 2018 02:41 PM

    Great start Bravo

    Unchikun Thursday, 20 December 2018 02:43 PM

    Sir, the way to go. We all use simple formulas in our mind (the ones who have a brain) in our day to day life. The same applies to price of anything. It was stupidly when the Bud oil joker claimed the formula is gone. An idiot.

    Lakey Pankawa Thursday, 20 December 2018 03:43 PM

    The person who did not know the rationale behind the formula is speaking!

    Leo Thursday, 20 December 2018 03:51 PM

    The price will go down on the first revision and then up and up.

    Yeti Thursday, 20 December 2018 03:52 PM

    The thing is that we know that there is no formula. Or the formula = increase in normal times and decrease in election times.

    p1028571 Thursday, 20 December 2018 03:58 PM

    Barrel price is 46 dollars .. so accordingly it should 92 Octane should 85 ruppees

    SENA Thursday, 20 December 2018 05:06 PM

    You will need a long long hose to get fuel at that price

    saman Thursday, 20 December 2018 04:51 PM

    Get ready suckers!

    Kalu Thursday, 20 December 2018 04:58 PM

    Fake PM and Fake Finance Minister but a good old man

    Chari Thursday, 20 December 2018 05:07 PM

    Calculate on V1 to V4 and give the answer. Should it not be Rs.80.00 for 92 octane and Rs.75 for Diesel.

    TONY Thursday, 20 December 2018 05:43 PM


    nalaka Thursday, 20 December 2018 05:47 PM

    don't fool again people of country..they should know the this formula..

    Ajja Thursday, 20 December 2018 05:53 PM

    Mr.Minister..Dont try to make a fool of your self by burdening the people in this country.Dump your formula in the garbage if not you will be chased out by the people in the coming Election..

    MM Thursday, 20 December 2018 11:15 PM

    World market oil price is at 15 month low

    GH Friday, 21 December 2018 12:28 AM

    World fuel market prices never reduced overnight, but it was too low when you were running YAHAPALANAYA govt. since 2015.

    Ravi Friday, 21 December 2018 04:51 AM

    Here comes the clown. Incredible what the citizens of this country has to experience.

    Pradeep Friday, 21 December 2018 07:19 AM

    Mr.Finance Minister! Do not over react to what MR did, to discredit him. MR reduced prices for cheap popularity thinking that Sri Lankans are a gullible lot like the SIL redhi. If you feel you can give at low price go for it Let the people benefit. Otherwise leave it as it is. You have more important things to do.

    Stephan.han Friday, 21 December 2018 08:37 AM

    Welcome to the repeat telecast of the same old movie.

    TL Friday, 21 December 2018 10:29 AM

    Stupid government. No need government to increase/decrease prices according to variables including world fuel prices. Government should absorb plus or minus in short term. No goods and services prices will come down after increased. Innocent people and economy suffer with this type of decisions.

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