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.
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)