Fuel prices to go up from midnight today

10 July 2018 06:22 pm

A decision has been taken to increase fuel prices of CEYPETCO outlets from tonight, Minister Rajitha Senaratne said.

Accordingly, Petrol (Octane 92) will be increased by Rs.8 to Rs.145, Petrol (Octane 95) will be increased by Rs.7 to Rs.155, One litre of Auto Diesel increased by Rs.9 to Rs.118 and One litre of Super Diesel will be increased by Rs.10 to Rs.129, however, the price of Lanka Kerosene will remain at Rs.70.

Fuel Type Earlier Price Price Increased by New Price
Petrol (Octane 92) Rs.137 Rs.8 Rs.145
Petrol (Octane 95) Rs.148 Rs.7 Rs.155
Auto Diesel Rs.109 Rs.9 Rs.118
Super Diesel Rs.119 Rs.10 Rs.129
Lanka Kerosene Rs.70 - -
Lanka Industrial Kerosene Rs.110 - -
Lanka Furnace Oil 800 Rs.80 - -
Lanka Furnace Oil 1500 Rs.80 - -

The decision was taken at a meeting with the President.

Fuel prices were increased last week but the decision was withdrawn following an order was given by the President.

Minister Senaratne said the decision was taken following a discussion with the President at the President Secretariat this evening.

“The fuel price was increased according to the fuel pricing formula and each month the price will be calculated according to the world market prices,” he said.

The petrol price had to be increased by Rs.14 according to the price increase in the world market but the President had taken the decision to charge half the price while bearing the loss.

The meeting was held at the President Secretariat with Finance Minister Mangala Samaraweera, Petroleum Minister Arjuna Ranatunga, Health Minister and Cabinet Spokesman Rajitha Senaratne, Social Welfare and Primary Industries Minister Daya Gamage Ministry Secretaries and several officials chaired by President Maithripala Sirisena (Chaturanga Samarawickrama)

 

Video by Sanjeewa