Government still incurs Rs. 100 loss from diesel, Rs. 20 from petrol: Nalinda

Colombo, March 22 (Daily Mirror) - The government has introduced a supportive mechanism in the fuel price increase where the government incurs a loss of Rs. 20 billion monthly from fuel sales at the current rates, Cabinet Spokesman Minister Nalinda Jayathissa said today.

He told a media briefing that the government incurs a loss of Rs. 100 from a litre of diesel and Rs. 20 from a litre of petrol.

The Minister said the Treasury has to bear an additional burden of Rs. 20 billion for this supportive mechanism.

The Ceylon Petroleum Corporation increased the price of a litre of Lanka Auto Diesel by Rs. 79 to Rs. 382, super Diesel by Rs. 90 to Rs. 443 per litre while Octane 95 petrol has been increased by Rs. 90 to Rs. 455 and  Octane 92 petrol by Rs. 81 to Rs. 398 per litre.

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