Fuel prices up after cabinet approves price formula

24 May 2022 03:12 am - 4 - {{hitsCtrl.values.hits}}

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Prices of fuel have been increased from 3.00 am today soon after the fuel pricing formula has been approved by the cabinet ministers, Power and Energy Minister Kanchana Wijesekera said.

He said the price revision included all costs incurred in importing, unloading, distribution to the filling stations and taxes. However, profits are not calculated and included.

Accordingly, the price of a litre of petrol (92 octane) has been increased by Rs. 82 (from Rs 338 to 420), petrol (95 octane) increased by Rs. 77 (from Rs. 373 to 450),

Auto Diesel increased by Rs. 111 (from Rs. 289 to 400), Super Diesel increased by Rs. 116 (from Rs. 329 to 445).

The public sector workforce will be called to work on the direction of the head of the institute from today. Working from home will be encouraged to minimize the use of fuel and to manage the energy crisis, the Minister added. (Chaturanga Samarawickrama)

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Comments - 4

doomed Tuesday, 24 May 2022 06:59 AM

Wow now what will happen to our food prices.

Thassim Junkeer Tuesday, 24 May 2022 07:07 AM

Why can't the government introduce a quota system for fuel because of the losses incurred by the corporation. A motor cyclist and three wheeler, vehicles of the poor uses less fuel compared to luxury vehicles. Luxury vehicles are used by the rich so why should the corporation bear that loss

Farook Tuesday, 24 May 2022 07:20 AM

What about the commissions paid to the politicians. I am sure this hssbeen included in the pricing formula Out neighbour India had reduced the prices of all fuel and here it is skyrocketing. How are we to manage as all prices of goods will escalate whilst our pockets diminish.

Carrion Wednesday, 25 May 2022 06:23 AM

These Rajapaksas are killing us softly, haven't they stolen enough dollars to last generations?

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Fuel prices up after cabinet approves price formula

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