ECONOMYNEXT – There will be no fuel price revisions in November and sufficient stocks are available to cater the necessary requirements under the national fuel pass, Minister of Power & Energy Kanchana Wijesekera claimed.
Minister Wijesekera tweeted Thursday November 03 that filling stations have not placed orders for any fuel hoping for a price revision in the first week of the month according to the price formula.
“Non placement of orders by dealers anticipating a price reduction has led to fuel stations drying up,” Wijesekera said.
In October, prices of fuel were revised on two occasions.
The minister said all stations have been requested to place their order to obtain fuel. The state-run Ceylon Petroleum Corporation (CPC) and the LIOC, the local unit of the Indian Oil Corporation, both have ample stocks to fulfill requirements guaranteed by the QR code-based National Fuel Pass, he said. (Colombo/Nov03/2022)