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Fuel price hike likely if US imposes sanctions on Iran: PM

8 August 2018 06:46 pm - 15     - {{hitsCtrl.values.hits}}

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The impending US economic sanctions on Iran might result in another fuel price hike as it would have a negative effect on Sri Lanka, Prime Minister Ranil Wickremesinghe told Parliament today.

Prime Minister Wickremesinghe said this when a question was raised by Joint Opposition MP Bandula Gunawardane on certain scandals involving vehicle and gold imports in the House last afternoon.

“The impending US sanctions on Iran could affect Sri Lanka adversely. We don’t know whether this would result in an oil price hike as Sri Lanka currently imports Iranian crude. However, we will have to be prepared to face any adverse situation,” the Prime Minister said.

He said that the ongoing trade war between China and the USA would also affect Sri Lanka.
The Prime Minister said Sri Lanka should be prepared to face any adverse situation that may be caused by these global developments. (Yohan Perera and Ajith Siriwardana)

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  Comments - 15

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  • ANGLICAN PONYL Wednesday, 08 August 2018 07:19 PM

    Make me wonder how previous regime manage fuel price at Rs 130 When Oil barrel was $145. Now Oil barrel is $68.Simple answer to me economic properity and collection of enough tax from businesses then and now now no businesses to collect tax Apart from that VolksWagon business in Kuliyapitiya

    mark Wednesday, 08 August 2018 07:28 PM

    Fuel prices might drop after Friday: Ministry.... this was the morning news. how people can live in this country??/ all what I see migration.... people are migrating and sooner or later we this land will be ruled and manipulated with thugs, drug dealers and smugglers. no medium income family can live a decent life here anymore... sad :(

    Lord Wolfstein Thursday, 09 August 2018 10:29 AM

    Correctly identified. With the change of simple laws much could be done. For example, anyone who can not or does not want to declare his assets should be detained and all assets confiscated until he has given his asset statement. Any asset whether vehicle, house or others which legal origin is not clear remains confiscated.

    Pluto Thursday, 09 August 2018 07:34 AM

    Any excuse is a good excuse!!!

    Warren Raed Thursday, 09 August 2018 11:39 AM

    Yes! This fellow is trying to rob left and right now so he can live happily ever after the 2020 election.

    Waco Thursday, 09 August 2018 08:09 AM

    As long as RW occupies that seat, Sri Lanka cannot raise its Head.It is not the world situation so much, what matters a lot is the situation within the country. The best

    jayantha Thursday, 09 August 2018 08:41 AM

    Stupid Excuse ... we buy fuel from Singapore, Singapore buy from Saudi Arabia and Qatar . We can Buy directly fro Iraq now

    Chari Thursday, 09 August 2018 09:11 AM

    Please cut down the expenses of Parliament. That is where the utter waste is. Vehicles....allowances.....Travel.....with Tax Money.

    VJ Thursday, 09 August 2018 09:13 AM

    I think the PM is explaining the impact of the US sanctions against Iran. We are buying almost all our crude oil needs from Iran. The price may change when we switch suppliers. The price of crude could go up due to the reduced availability of crude. Countries like China will not give a damn about the sanction will continue to buy oil from Iran. We can buy it from China.

    RoshanAL Thursday, 09 August 2018 09:18 AM

    Hope that the naive masses who looked up to this man as the gentlemanly economic තුන් කල් දක්නා 'මොලය' is aware of his corruption and incompetence.

    cheers Thursday, 09 August 2018 10:00 AM

    PM why dont you ask the alias USA who helped you to topple Rajapakse to help if Iran sanctions are on

    GH Thursday, 09 August 2018 10:01 AM

    You receive extremely high PERKS benefiting tax payers money, so no adverse situation will be affected your PERSONAL BUDGET.

    DJ Thursday, 09 August 2018 10:37 AM

    Clearly shows that it is time for you Mr. PM to retire. Your imaginating thinking side of the brain is not functioning. Leave with dignity to allow the suffering masses to raise their heads

    Premalal Thursday, 09 August 2018 10:53 AM

    The country is racing to the bottom.

    Jude Thursday, 09 August 2018 11:18 AM

    If that's the case!! Ask Americans to build a Refinery in SL !!!??


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