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No fuel hike

25 November 2010 11:00 am - 20     - {{hitsCtrl.values.hits}}

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There will be no fuel hike at least in the next twelve months, Petroleum Industries Minister Susil Premajayantha said.

He further said the government would stop purchasing fuel from the global market and buy directly from friendly countries through government to government agreements.

Addressing the media after assuming duties afresh at his ministry following his re-appointment to the same post Minister Premajayantha said Sri Lanka had already resumed bilateral talks with Saudi Arabia, Oman and Iran and the outcome had been encouraging.

“We expect to finalize oil purchasing agreements with the three countries within the next three to four months,” he added. (SAJ)


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  Comments - 20

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  • Nirosh Thursday, 25 November 2010 01:30 PM

    funny ....u mean always opposition'expecting price hikes ...

    Citizen Friday, 26 November 2010 08:37 AM

    Then we can count on the hike very soon! Power hike came. Gas hike is due and then the fuel hike to follow! Yes, all this is for the People's "Suba Anagathaya" no!!!

    Ravana Friday, 26 November 2010 06:36 AM

    There should be a REDUCTION based on world prices but not allowed by the lenders to this Country !

    SriLankan Friday, 26 November 2010 04:14 AM

    This means even a drop of Oil prices in the World market no hope for reduction ? Or. Hon. Super Minister predicts the No up ward trend in present prices?

    RP Thursday, 25 November 2010 09:56 PM

    Few weeks ago Minister of Power & Energy said the electricity prices can be reduced once the coal plant starts operations. However, electricity prices were increased in the budget. So, I wonder whether there is any truth in what is said by this minister about the oil prices!

    teri amra Thursday, 25 November 2010 09:39 PM

    Thats no good news. $ is dropping but oil prices dont?

    Calistus Jayatilleke Thursday, 25 November 2010 06:54 PM

    Whenever ministers of this government issue such reassuring statements, it always happens that the converse is true. Looks like there is going to be an increase in petroleum prices pretty soon.

    piyal jayalal Thursday, 25 November 2010 02:31 PM

    Are you alright Mr. Minister proabably you are unaware that you are no more the Minister of Education -

    Ranjit Thursday, 25 November 2010 02:12 PM

    Who will believe these promises now ? May be there are few fools left.

    Saman/South Africa Thursday, 25 November 2010 01:45 PM

    u have to keep ur word

    Fayad Thursday, 25 November 2010 11:03 AM

    a very upsetting news for the opposition , good one for the masses

    Sue Thursday, 25 November 2010 01:03 PM

    How funny. No where in the world does anyone make statements when there's no difference in the price structure or in anything else for that matter. You either say the price is increased or the price is reduced. Anyway, now what are we supposed to do? Jump up and down with joy and thank our lords and masters for their kindness?

    lalith Wije Thursday, 25 November 2010 12:56 PM

    What about a price decrease especially if the world price of crude falls and the ruppee strengthens against the dollar? At least decrease the price of diesel and petrol. Lalith Wije

    lankaputha Thursday, 25 November 2010 12:39 PM

    how does that helps the majority. Has any reduction been propogated to the masses,, or only to the mudallis and vehicle owners?

    Sicillian Thursday, 25 November 2010 12:36 PM

    This means we can expect a hike

    Surasena Thursday, 25 November 2010 11:54 AM

    how about the reduction

    sw Thursday, 25 November 2010 11:52 AM

    This is the same clown who few weeks ago said that the oil price will be reduced.

    Nilantha Thursday, 25 November 2010 11:44 AM

    It's good, again could you please reduce the price of Diesel little... least another Rs 10/=.. which help majority of Sri Lankans

    pbj Thursday, 25 November 2010 11:18 AM

    How many hours will be their for your so called month , Hon. minister !

    lankaputha Thursday, 25 November 2010 11:16 AM

    Another smoke of a hedging kind of a deal.. beware, public money at loose


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