Fuel prices reduced
Posted by Editor on November 30, 2018 - 5:48 pm
The Ceylon Petroleum Corporation (CPC) will reduce the prices of petrol and diesel by Rs 5 per litre with effect from midnight today (Nov. 30), Minister of Petroleum Resources Development Gamini Lokuge said.
Accordingly a litre of 92 Octane has been reduced from Rs.141 to Rs.135 and a litre of 95 Octane has been reduced from Rs.164 to Rs.159.
A litre of Auto Diesel has been reduced to Rs.106 from Rs.111 while Super Diesel has been reduced from Rs.136 to Rs.131.
This is the third time that fuel prices have been revised since the 26th of October.
Latest Headlines in Sri Lanka
- Namal Rajapaksa summoned to court over Krrish transaction February 5, 2025
- Sri Lanka to operate immigration department 24/7 to speed up passport issuance February 5, 2025
- Sri Lanka announces new paddy purchase prices from February 6, 2025 February 5, 2025
- Sri Lanka launches national survey on toque macaque February 5, 2025
- Sri Lankan MPs’ meal price jumps over four times from Rs. 450 to Rs. 2,000 February 5, 2025
In the month from 26 Oct 2018 to date, oil price in the World Market has REDUCED from USD 76 per barrel to USD 50 per barrel.
Had Mangala Samaraweera’s FORMULA been applied to fuel prices in SL, the price should have GONE DOWN by approximately 20%.
The Fake Minister for Finance announce arbitrary price cuts by much less than World Oil Price reductions.