Fuel prices could go down in near future

13 December 2015 08:48 pm - 10 - {{hitsCtrl.values.hits}}

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The government was looking into the possibility of giving some redress to the people in the wake of fuel prices going down in the global market.

Minister of Petroleum Chandima Weerakkody said this in Parliament on Saturday in response to a statement made by Chief Opposition Whip Anura kumara Dissanayake who urged the government to reduce fuel prices and allow the people to enjoy the benefits of oil price reductions in the global market.

Mr. Dissanayake said a barrel of crude oil had come down to $ 46 from the earlier price which was $ 102.

Minister Weerakkody explained that at present Sri Lanka purchases fuel on credit and it would have to pay an interest if the payments were delayed by more than a month. However, he said plans were afoot to make these payments in a shorter period of time, in which case the benefit would be passed down to the people in the form of a fuel price reduction, he said.

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Comments - 10

iSilva Monday, 14 December 2015 07:02 AM

The heat is on after the poor budget! Who is responsible? Just Ravi or RW.

USD Monday, 14 December 2015 07:43 AM

So the Price should be Reduced Minimum by 50 % ( USD 102 and USD 46.We are with You Minister.. We will vote for you in the LG election.

ANTON Monday, 14 December 2015 08:33 AM

WHAT ABOUT THE PRIZES OF FUEL TAKEN TO OUR BODY ???

Premalal Monday, 14 December 2015 09:32 AM

The cost of electricity should also be reduced, especially the high industrial tariff. This will help us to be competitive in the global markets.

lkboy Monday, 14 December 2015 12:39 PM

Then what about when it increases?

rila Monday, 14 December 2015 01:14 PM

Real Politician finds a way in every corner to benefits their society.... proud of RP -"Anura K D"

Premalal Monday, 14 December 2015 01:17 PM

Then it will increase of course. You cannot have the cake and eat it at the same time.

OMG Monday, 14 December 2015 02:15 PM

People are happy with the present prices. BETTER KEEP THE PRICES AS IT IS and build a buffer fund so as to cushion out sharp increases in the future!!

razi Monday, 14 December 2015 02:32 PM

instead of reducing the price on petrol give a subsidy on electricity as the benefit goes to the whole country

sacre blieu Tuesday, 15 December 2015 09:17 AM

Imagine the chaos on the roads and with more vehicles coming in. Not only confusion worse confounded, but the clash of the titans on the road would see blood on the streets.

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Fuel prices could go down in near future

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