Petrol, diesel down by Rs.5

15 November 2018 04:01 pm - 17 - {{hitsCtrl.values.hits}}

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As announced by Prime Minister Mahinda Rajapaksa in Parliament today, fuel prices including Petrol (Octane 92, 95), and Diesel (Auto, Super) were reduced by Rs.5 per litre with effect from midnight today, Labour, Foreign Employment & Petroleum Resources Minister Gamini Lokuge said.

Addressing a media briefing at the Labour Department, Minister Lokuge said the previous government had taken measures to put people under pressure by burdening them with heavy taxes.

Accordingly, Lanka Petrol (Octane 92) was reduced by Rs.5 per litre and the revised price is Rs.140 a litre, Lanka Petrol (Octane 95) Euro 4 was reduced by Rs.5 per litre and will be sold at Rs.164. A litre of Lanka Super Diesel four Star Euro 4 will be reduced by Rs.5 and the revised price is Rs.136. A litre of Lanka Auto Diesel will be sold at Rs.111 after the price reduction by Rs.5. However, the price of Lanka Kerosene will remain at Rs.70.

“When President Maithripala Sirisena appointed former President Mahinda Rajapaksa as the new Prime Minister, he made a statement to the people claiming he would raise the country's economy and provide facilities to them. The fuel price had been increased with the use of a fuel pricing formula. There would be no more fuel pricing formula in the future,” he said.

"When Mr Rajapaksa assumed duties as the Prime Minister and the Finance Minister the fuel price was reduced. Then he had decided to reduce the fuel price from tonight," he said.

The people would be able to gain fuel price relief from all Ceylon Petroleum Corporation (CEYPETCO) filling stations. As the Ministry, we request the Indian Oil Company (IOC) to reduce the fuel price and to grant that relief to the country.

"The Prime Minister had instructed me to look on other consumer products which would grant reliefs and the Ministry is looking forward to giving more fuel price reductions in the future," he said.

"We are not misleading the people as the previous government did. We give these reliefs because we can manage the economy. Our government will not dance to the tune of foreign countries as what Former Prime Minister Ranil Wickremesinghe did. There will be gas price reductions in the future. During the last cabinet meeting, the cabinet Ministers had decided to re-introduce the distribution of school uniform material free of charge instead of issuing vouchers to students to purchase them in the market. Earlier the vouchers were introduced by former education minister Akila Viraj Kariyawasam," he said. (Chaturanga Samarawickrama)

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Comments - 17

Dee Thursday, 15 November 2018 04:16 PM

Thank you UNP for putting so much pressure. If not for the crowd you bring in for demos, this reduction would never have happened.

Voted Thursday, 15 November 2018 04:17 PM

What is happening in this country ... Can snaity prevail

ANTON Thursday, 15 November 2018 04:24 PM

ONNA BOLAATA ....CHOOTY CARROT ALAYAK.........

ANTON Thursday, 15 November 2018 04:25 PM

WHAT HAD ARJUNA BEEN DOING WITH THIS 5 RS.

Lanka Shantha Thursday, 15 November 2018 04:29 PM

Rupees hit low at 178/- against US Dollar.But Government reduce Rs 5/- for petrol.Is this called Election Gimmicks?

vithura Thursday, 15 November 2018 06:50 PM

It is called MoRonomics!

Max Thursday, 15 November 2018 04:31 PM

Jayawewa

SL Thursday, 15 November 2018 04:32 PM

Does MR think he can fool people like this?

Sanath Thursday, 15 November 2018 04:47 PM

They increase in big numbers but when it comes to reducing, the numbers are insignificant!

Lankaboy Thursday, 15 November 2018 04:48 PM

It’s pity that oil is down by 20% in international Marley . But it is not even down by 4% in SL

lankan Thursday, 15 November 2018 05:01 PM

There only few who can be fooled by these measures!!!

Buffalo Thursday, 15 November 2018 05:29 PM

MR in luck. Price formula working in his favor as world oil prices are dropping.

Shelley Thursday, 15 November 2018 05:36 PM

Rs. 05 an eye wash and useless political trump card. And CPC to incur losses in billions. Any official who signs for this New price (with the instructions of name sake Minister) will be punishable in due course.

RAJA Thursday, 15 November 2018 06:44 PM

CRUDE OIL PRICES ARE COMING DOWN IN THE GLOBAL MARKET. CHECK THAT. NOW AROUND $ 60 - 65.

Tinkiriya Thursday, 15 November 2018 10:38 PM

Your correct Raja. But our politicians are not only CRUDE but also primitive to understand any of this logic.

IVJ Thursday, 15 November 2018 09:57 PM

Big joke. LKR hit its lowest today to Rs178 a USD. The same day petrol prices are reduced. If only these politicians love the country....

Mandy Thursday, 15 November 2018 11:38 PM

You are reducing because you printed Rs.1,000,000,000 worth of currency a week ago but this will fuel inflation as this money is used by you to pay for govt expenses and when it enters the market.

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Petrol, diesel down by Rs.5

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