Fuel prices increased; consumer rights activists want price formula public

July 06, 2018 (LBO) – Sri Lanka’s Finance Ministry has increased fuel prices of the Ceylon Petroleum Corporation with effect from midnight yesterday, sources said. However, there is no official statement about the price increase from the relevant ministries yet even though the Finance Ministry is quick to respond to political matters.
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According to sources, Petrol (Octane 92) will be increased by Rs.8, Petrol (Octane 95) will be increased by Rs.7. Auto Diesel will be increased by Rs.9 and Super Diesel will be increased by Rs.10, however, the price of Lanka Kerosene will remain at Rs.70. Sources said these prices will be effective only for a week even though the price revise was initially planned to carry out every two months. National Movement for Consumer Right’s Protection is asking the Finance Ministry to make the hidden fuel price formula public. “We condemned the government’s move of increasing fuel prices while talking about a formula,” NMCRP Chairman Ranjith Withanage pointed out. “We ask the government to make the fuel price formula public so that the public can see what this formula actually is.” Related: Sri Lanka to revise fuel price every two months