Fuel prices will remain unchanged – Mangala

In light of the Sinhala Tamil New Year festive season, fuel prices will remain unchanged despite continuously increasing prices in the international market as reflected in the fuel formula, Minister of Finance Mangala Samaraweera said.

In a statement issued yesterday (11), the Minister said the price of oil has increased from USD 67 per barrel to USD 74 during the past month starting 10 March and yet the Government has decided not to increase prices due to the upcoming festival.

The previous increase on 10 March, he said, was significantly low compared to the increase in international market prices.

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