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Prices of fuel will have to be increased: PM

23 June 2022 06:46 am - 7     - {{hitsCtrl.values.hits}}


Prices of fuel will have to be increased because of soaring prices in the global market, Prime Minister Ranil Wickremesinghe told Parliament yesterday.

“Global prices of fuel have increased due to the conflict situation in Europe. Russia has stopped supplying fuel and gas to Europe because of the conflict in Ukraine. Therefore there will be a fuel price hike in Sri Lanka as well,” the Prime Minister said.

“Currently Sri Lanka is in need of US $ 550 million to meet the monthly fuel needs. However in the face of the current economic crisis, we are experiencing difficulties in securing the necessary funds for this purpose. As a result of this we will take steps to import the maximum fuel stocks possible based on the dollar revenue. Resolving the fuel shortages will take more time. Therefore I request people to economize when using fuel,” he added. (Yohan Perera and Ajith Siriwardana)



  Comments - 7

  • Arnold Thursday, 23 June 2022 08:30 AM

    International petroleum prices are dropping. And this clown wants to increase, what is this?

    Donkeys Thursday, 23 June 2022 08:39 AM

    Crude oil prices have comedown from 123 USD to 102USD

    Aragalaya Thursday, 23 June 2022 08:52 AM

    Pressure on you have to be INCREASED to chase you away never to come back.

    Tissa Fernando Thursday, 23 June 2022 09:14 AM

    Fuel prices have come down in the market.

    Jay Jay Thursday, 23 June 2022 09:57 AM

    for the people who are claiming that the price of oil has come down... do you guys know the difference between crude oil which is unprocessed, and petrol/diesel, which is processed? True. Crude oil has come down. But processed products have gone up. Ane hike

    GHT Friday, 24 June 2022 12:00 AM

    Russia never stopped giving us fuel and gas on introductory rates, so, without worshiping the feet of the US, Ranil wickremasinghe must ask Russia some help by fueling our hard hit poor people for some fuel.

    Jayaseeli Ambapali Friday, 24 June 2022 06:05 AM

    We know it RW. Do something like MR to help people!! You are only talking and doing nothing!!

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