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Fuel price reduction considered; Susil

5 June 2012 12:33 pm - 18     - {{hitsCtrl.values.hits}}

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.A fuel price reduction will be considered if the present downward trend in fuel prices continues in the world market, Petroleum Minister Susil Premajayantha told Parliament today.

The minister was responding to United National Party (UNP) MP Dayasiri Jayasekara who asked whether fuel prices would be reduced in the local market because of low prices prevailing in the world market at present.

“We will consider it if this situation continues for some time,” the minister said.

He said the Treasury was considering reimbursing Rs.65 billion to the Ceylon Petroleum Corporation, owed by various government institutions.
“Negotiations are underway. We have to recover Rs.65 billion from various institutions for fuel supplied on credit or on subsidized rates. The Treasury has agreed to reimburse the amount,” he said.

But Mr. Jayasekara argued that even though the Treasury did it, the burden would eventually be transferred to people.  (K.B&Y.P)
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  Comments - 18

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  • Manik Wednesday, 06 June 2012 04:31 AM

    Reduction under consideration and actual reduction have a wide chasm between them.

    Ane Kale Wednesday, 06 June 2012 04:36 AM

    Totally agree. The fuel surcharge is killing us.

    Labby Wednesday, 06 June 2012 04:45 AM

    What the minister has to consider is the adverse effects on their own perks.

    Micheal Wednesday, 06 June 2012 04:57 AM

    The Question Is .. Will Busses And Trishaws Reduce Fares? And Will Traders Reduce Prices , The Ones Who Used The Fuel Price Hike To Jack Up The Prices Of Goods?

    citizen1 Wednesday, 06 June 2012 05:10 AM

    It's a trick. Distract and then attack!

    Kondebandapucheena Tuesday, 05 June 2012 12:46 PM

    Good news Good News but for how long

    Nuzrath Anver Tuesday, 05 June 2012 01:00 PM

    Remove fuel surcharge in electricity bills first.

    lalitha Tuesday, 05 June 2012 01:04 PM

    elections coming up?

    Nishantha Rajapaksa Tuesday, 05 June 2012 01:07 PM

    this is just a prank news to cover up Duminda's news... good joke

    saif Tuesday, 05 June 2012 01:10 PM

    election ??

    R.Dias Tuesday, 05 June 2012 01:15 PM

    We believe the opposite of what you say....

    bandaragoda Wednesday, 06 June 2012 07:27 AM

    will you consider till next election

    Kudooo Tuesday, 05 June 2012 01:19 PM

    why consider do it

    chill boy Tuesday, 05 June 2012 01:27 PM

    Thats never going to happen,. they will consider until fuel prices increases in the market then they will increase once again..meeta kalinuth mehema kivvane, kawadada fuel adukare..

    Hafshaq Tuesday, 05 June 2012 01:24 PM

    Then, Will the Bus fare rates come down?

    Citizen Thursday, 07 June 2012 09:28 AM

    “We will consider it if this situation continues for some time,” the minister said.

    Why don't they do it when the prices increase in world market? When prices increase our fuel prices go up overnight

    SL Boy Wednesday, 06 June 2012 03:54 AM

    In SL anything going up never comes down!.... so don't keep hopes.

    sahdi Wednesday, 06 June 2012 04:23 AM

    IN SRI LANKA ONLY THE RAIN DROPS ARE COMING DOWN...OTHER ALL STUFS ARE GOING UP.......


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