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Petrol price in Sri Lanka raised to Rs138 a litre

ECONOMYNEXT – Sri Lanka’s government will raise the price of a litre of 92 Octane petrol by three rupees to 138 rupees from midnight Monday under a pricing formula meant to reflect costs, the Finance Ministry said.
Prices of three other fuels remained unchanged, according to a statement.

State-run Ceylon Petroleum Corporation was selling 95 Octane petrol for 164 rupees a litre,last month.

Super Diesel was last month raised raised by 2 rupees to 136 rupees a litre, while Auto Diesel was left unchanged.
Although international oil prices had risen since March, the government held local administered prices last month to provide relief to consumers during the traditional new year period, it said.

There were indications international oil prices were weakening, in which case the lower prices would be passed on to consumers in future, it said.
(COLOMBO, 10 June 2019)

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