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No fuel price revision this month

12 November 2019 04:41 am - 3     - {{hitsCtrl.values.hits}}


The monthly fuel price revision would not come into effect this month due to no fluctuations in fuel prices in the world market, the Finance Ministry said

They said the committee formulated to determine the fuel prices did not meet on Sunday.

Accordingly, the fuel price revision which came into effect on September 10 would continue till December 10.

"The fuel price which was increased in August by Rs.2 was brought down after the price revision in September. The price of a barrel of crude oil in the world market had come down and, therefore, there is no need to have a fuel revision for this month," the Ministry said.

Accordingly, on September 10, Petrol (Octane 92) per litre was decreased by one rupee and the revised price was Rs.137, Petrol (Octane 95) was sold at Rs.161, decreased by Rs.2 per litre.

A litre of Super Diesel was lowered by Rs.2 and the new price stands at Rs.132. There was no price revision on Auto Diesel which remains at Rs.104.

However, the price of Lanka Kerosene and Auto Diesel will remain at Rs.70 and Rs.104 per litre respectively. (Chaturanga Samarawickrama)

  Comments - 3

  • Cobra Tuesday, 12 November 2019 06:15 AM

    Being elections and all that, no?

    Max Tuesday, 12 November 2019 06:17 AM

    And the last month of fuel price formula getting evaluate

    cineha Tuesday, 12 November 2019 08:41 AM

    Simply that's because of the elections. its not economics but politics.

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