• Last Update 2024-03-28 18:57:00

Fuel price hike from midnight today

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The Government has decided to increase the price of fuel from midnight today (10), Cabinet Spokesman Dr Rajitha Senaratne told a news conference a short while ago. 

The Minister said the decision to raise fuel prices was taken at a special Cabinet meeting held last night. 

Accordingly, the new prices a liter of fuel issued by the Ceylon Petroleum Corporation (CPC) will be as follows: Petrol (92 Octane): Rs.137, Petrol (95 Octane): Rs.148, Auto Diesel: Rs.109, Super Diesel: Rs.119 and Kerosene: Rs.101.

Based on current prices, this amounts to an increase of Rs.20 for 92 and 95 Octane Petrol, Rs.14 for Auto Diesel, Rs.9 for Super Diesel and Rs.57 for Kerosene. 

However, it has been decided to continue selling petrol at Rs.44 per liter to Samurdhi beneficieries and for fishermen, it was further announced. 

Sri Lanka's fuel prices had remained unchanged since January 2015 when a barrel of crude was sold in the world market at US$ 47. By January this year, a barrel was nearly US$ 70. 

The Government's move to raise fuel prices comes after the Lanka Indian Oil Company (LIOC) raised the price of 92 Octane Petrol by Rs.9 and Auto Diesel by Rs.5 in March. 

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