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Last Updated : 2024-04-24 10:47:00
21 March 2023 04:24 pm - 7 - {{hitsCtrl.values.hits}}
Fuel prices would be reduced by a considerable margin at the routine fuel price revision according to the fuel price formula next month, Power and Energy Minister Kanchana Wijesekara said today.
He told Parliament that the government would be able to procure fuel shipments at a lower and competitive bidding after the IMF bailout was received.
The Minister said there were practical issues in opening LCs and obtaining credit facilities earlier as Sri Lanka could not give a guarantee for the fuel suppliers.
"We could not open LCs and obtain credit facilities when procuring fuel. After the IMF bailout, we will be able to procure fuel at lower and competitive biddings. We will be able to obtain long-term credit facility as well. Fuel prices at global market seems to have declined these days and rupee has also gained strength against the US Dollar. Having considered all these factors, fuel prices will be reduced by a considerable margin which could be felt by the people,” he said.
The Minister said steps would be taken to reduce electricity tariffs as well by December this year.
He said the restructuring plan of the CEB and CPC would be submitted in Parliament within a month. (Ajith Siriwardana)
Farieze Tuesday, 21 March 2023 08:48 PM
Mangala sameraweera must reborn to solve price formula
Karalasingam Sivalingam Tuesday, 21 March 2023 10:02 PM
You are an admirable minister, you were able to introduce QR system and eliminated lengthy queues, made life easy for all motorists, now reduction of fuel and gas prices should bring down the prices of other consumer products ,tranaport Three-wheeler fares etc.
Jude Tuesday, 21 March 2023 11:37 PM
It ain't gonna happen!! He's trying to hoodwink everyone!! Yeah!!
Daily Mirror Humbug useless to give name Wednesday, 22 March 2023 03:26 AM
Well done Kanchana. Thanks for solving the energy and power issues. You stood your ground with management skills .Keep it up.
Jude Wednesday, 22 March 2023 08:45 AM
This guy wants to collect some Brownie points Huh
Man Wednesday, 22 March 2023 01:29 PM
Until done, it cannot be believed. By Rs. 100/= would be the possibility as that will be the way that he will interpret the word, “considerably”, according to his normal standards.
Tissa Fernando Thursday, 23 March 2023 04:42 AM
Hey Jude , what is wrong with you dude, you see some negative things always. The Minister did a good job in solving the fuel crisis so give some credit to him. Otherwise, you should get into politics and become a minister and do it perfectly. Just writing the comments here will not help
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